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Chipotle @ World Golf Village 335 Foundry Ln 2,448 SF Retail Building Saint Augustine, FL 32092 $6,782,995 CAD ($2,770.83 CAD/SF) 4.50% Cap Rate

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Investment Highlights

Brand New 15–Year Lease with Chipotle | Absolute NNN Lease – No landlord management obligations
Fixed rental increases throughout entire lease including options
St. Johns county is one of the fastest growing markets in the country & this site is located in the strongest & fastest growing retail nodes in county

Chipotle is investment grade credit boasting an S&P Rating of ‘A-’ and is among the most sought-after retailers for 1031 exchanges
Out parcel to BRAND NEW WALMART SUPERCENTER – Walmart is the highest frequency retail traffic generator in the country
Part of the affluent World Golf Village corridor – The fastest growing suburban zone in St. Johns County with Avg HH Incomes exceeding $160K+

Executive Summary

CBRE is pleased to present the exclusive listing for this Brand-New Chipotle property located at the New Walmart Supercenter Retail Development – World Commerce Center in Saint Augustine, Florida. This property is located in St. Johns County — one of the fastest growing markets in the country. The site is situated on International Golf Parkway, the market’s primary interstate interchange arterial and positioned directly in front of a new Walmart Supercenter – the highest frequency retail traffic generator in the country. The Chipotle is equipped with a Chipotlane® drive-thru, enhancing throughput, convenience, and long-term tenant performance. This format has become a key driver of sales for the brand and reinforces the asset’s long-term viability.
This is a 15-year absolute triple-net NNN lease guaranteed by investment grade Chipotle Mexican Grill, Inc. (S&P Rated ‘A-’), providing rental increases of 10% every five years including options with no landlord management obligations.