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Chipotle 4920 Belle Terre Pky 2,415 SF Retail Building Palm Coast, FL 32137 $7,475,102 CAD ($3,095.28 CAD/SF) 4.50% Cap Rate
Investment Highlights
- CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
- SIGNALIZED CORNER | PUBLIX OUTPARCEL
- STRONG LEASE FUNDAMENTALS
Executive Summary
STRONG LEASE FUNDAMENTALS
• 15-year absolute NNN lease with zero landlord responsibilities
• Four (4) five-year renewal options
• 10% rent increases every five years
• Long-term passive income backed by an investment grade tenant
CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
• Chipotle Mexican Grill (NYSE: CMG) – market cap over $80B
• 3,700+ locations nationwide
• Aggressively expanding with 300+ new restaurants annually
• Strong brand recognition and consistent same-store sales growth
BOOMING REGION OF FLORIDA
• The property is surrounded by several new developments and economic drivers
• Promenade at Town Center, a 230,000 SF mixed-use development
• 689 new homes approved across multiple developments
SIGNALIZED CORNER | PUBLIX OUTPARCEL
• Located at signalized corner of Belle Terre Pkwy (24K VPD) & Palm Coast Pkwy SW (12K VPD) for strong visibility and easy access
• Outparcel to a top-performing Publix, ranked in Florida’s top 10% by visits
NEW CONSTRUCTION WITH “CHIPOTLANE”
• Built to Chipotle’s current prototype specifications
• Includes “Chipotlane” drivethru, boosting digital order fulfillment and efficiency
• Modern design with curbside pickup, supporting long-term relevance and strong sales
RETAIL DENSE CORRIDOR
• Over 1.5M SF of retail within 1 mile, with just 1.1% vacancy
• Nearby national retailers: The Home Depot, Walmart Supercenter, Ollie’s Bargain Outlet, Publix, and more
• 15-year absolute NNN lease with zero landlord responsibilities
• Four (4) five-year renewal options
• 10% rent increases every five years
• Long-term passive income backed by an investment grade tenant
CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
• Chipotle Mexican Grill (NYSE: CMG) – market cap over $80B
• 3,700+ locations nationwide
• Aggressively expanding with 300+ new restaurants annually
• Strong brand recognition and consistent same-store sales growth
BOOMING REGION OF FLORIDA
• The property is surrounded by several new developments and economic drivers
• Promenade at Town Center, a 230,000 SF mixed-use development
• 689 new homes approved across multiple developments
SIGNALIZED CORNER | PUBLIX OUTPARCEL
• Located at signalized corner of Belle Terre Pkwy (24K VPD) & Palm Coast Pkwy SW (12K VPD) for strong visibility and easy access
• Outparcel to a top-performing Publix, ranked in Florida’s top 10% by visits
NEW CONSTRUCTION WITH “CHIPOTLANE”
• Built to Chipotle’s current prototype specifications
• Includes “Chipotlane” drivethru, boosting digital order fulfillment and efficiency
• Modern design with curbside pickup, supporting long-term relevance and strong sales
RETAIL DENSE CORRIDOR
• Over 1.5M SF of retail within 1 mile, with just 1.1% vacancy
• Nearby national retailers: The Home Depot, Walmart Supercenter, Ollie’s Bargain Outlet, Publix, and more
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,415 SF
Building Class
B
Year Built
2026
Construction Status
Proposed
Price
$7,475,102 CAD
Price Per SF
$3,095.28 CAD
Cap Rate
4.50%
NOI
$336,407 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.76 AC
Amenities
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Chipotle
- Retailer
- -
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Chipotle | Retailer | - | - | Triple Net | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-11-31-7025-000C1-0030 | Improvements Assessment | $264,465 CAD |
| Land Assessment | $545,490 CAD | Total Assessment | $809,956 CAD |
Property Taxes
Parcel Number
07-11-31-7025-000C1-0030
Land Assessment
$545,490 CAD
Improvements Assessment
$264,465 CAD
Total Assessment
$809,956 CAD
Contacts
-
David Hoppe -
Mike Lucier -
Eric Suffoletto -
Ben Olmstead -
Ben McCarter -
Atlantic Capital Partners
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Chipotle | 4920 Belle Terre Pky
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