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Chipotle - Lake Wales FL 23250 US Highway 27 2,494 SF Retail Building Lake Wales, FL 33859 $5,434,304 CAD ($2,178.95 CAD/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Lease | Corporate Guaranty | Brand New Construction | Scheduled Rental Increases | Leading Fast-Casual Chain
- Across From Lowe’s | Eagle Ridge Mall (624,000+ SF) | Dense Retail Corridor | Strong National/Credit Tenant Presence
- Strong Demographics in 5-mile Trade Area
- Absolute NNN Lease | Fee Simple Ownership (Land & Building) | No Landlord Responsibilities | No State Income Tax
- Situated Along US-27 (41,000 VPD) | Excellent Visibility & Access
EXECUTIVE SUMMARY
• Chipotle recently signed a brand new 15-year lease with 4 (5-year) options to extend
• The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded
(NYSE: CMG) and nationally recognized tenant with over 3,800 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
• The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded
(NYSE: CMG) and nationally recognized tenant with over 3,800 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,494 SF
Building Class
B
Year Built
2025
Price
$5,434,304 CAD
Price Per SF
$2,178.95 CAD
Cap Rate
4.75%
NOI
$258,112 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.09 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 27-29-21-000000-014010 | Improvements Assessment | $0 CAD |
| Land Assessment | $667,614 CAD | Total Assessment | $667,614 CAD |
PROPERTY TAXES
Parcel Number
27-29-21-000000-014010
Land Assessment
$667,614 CAD
Improvements Assessment
$0 CAD
Total Assessment
$667,614 CAD
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Chipotle - Lake Wales FL | 23250 US Highway 27
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