Chipotle - Core Miami Location 5390 Biscayne Blvd 2,989 SF Retail Building Miami, FL 33137 $7,285,753 CAD ($2,437.52 CAD/SF) 3.85% Cap Rate

Marcus & Millichap is pleased to present a net leased investment opportunity consisting of a newly renovated, corporate-guaranteed Chipotle Mexican Grill located at 5396 Biscayne Blvd in Miami, Florida. This Chipotle is subject to a 15-year triple-net (NNN) lease with three (3) five-year options to extend and 10% rent increases every five years, offering investors a long-term, reliable income stream with inflation protection.
The subject property sits on a 0.77-acre (33,490 SF) parcel with a 2,989 SF building and features modern upgrades as part of its complete 2025 renovation & conversion to a Chipotle. This high-quality gut renovation ensures maximum curb appeal and is in line with Chipotle’s new prototype standards. The lease is guaranteed by Chipotle Mexican Grill, Inc, which operates over 3,400 locations nationwide.
The property enjoys outstanding visibility with over 65,000 vehicles per day on Biscayne Blvd (U.S. 1), one of Miami’s most heavily trafficked commercial corridors. The area is densely populated, with 181,000+ residents within 3 miles and over 582,000 within 5 miles, supported by above-average household incomes exceeding $80,000. This affluent and rapidly growing demographic base creates strong demand for fast-casual dining.
The site is strategically positioned just north of Miami’s Design District and Wynwood, two of the most dynamic and rapidly evolving neighborhoods in South Florida. Surrounded by high-end retail, multifamily, and mixed-use developments, this Chipotle location is poised to benefit from strong consumer traffic and sustained economic growth in the urban core.
Chipotle Mexican Grill, Inc. (NYSE: CMG) is a leading fast-casual restaurant brand with over 3,400 locations worldwide and a strong reputation for fresh, responsibly sourced ingredients. Headquartered in Newport Beach, California, Chipotle generated $12 billion in annual revenue in 2025. Known for its category-defining brand and loyal customer base, Chipotle continues to expand aggressively in high-growth markets like Miami, aligning with shifting consumer demand for healthier fast-dining options.