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Chipotle - Pensacola FL 8870 Boesch Ln 2,325 SF Retail Building Pensacola, FL 32534 $5,651,423 CAD ($2,430.72 CAD/SF) 4.75% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Corporate Guaranty | Brand New Construction | Scheduled Rental Increases
- Ransley Station Outparcel | Directly Off Interstate 10 |Surrounding Retailers | Avalon Apartments | Off West 9 Mile Road
- Local Demographics 5-Mile Trade Area | Downtown Pensacola
- Absolute NNN Lease | Fee Simple Ownership (Land & Building) | No Landlord Responsibilities | No State Income Tax
- Off Signalized Intersection | Excellent Visibility | Multiple Points of 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
2,325 SF
Building Class
B
Year Built
2026
Price
$5,651,423 CAD
Price Per SF
$2,430.72 CAD
Cap Rate
4.75%
NOI
$268,463 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.05 AC
Zoning
Commercial
Parking
36 Spaces (15.48 Spaces per 1,000 SF Leased)
Frontage
112’ on Boesch Lane
Amenities
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-1S-31-4102-002-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $380,756 CAD | Total Assessment | $380,756 CAD |
Property Taxes
Parcel Number
11-1S-31-4102-002-001
Land Assessment
$380,756 CAD
Improvements Assessment
$0 CAD
Total Assessment
$380,756 CAD
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Chipotle - Pensacola FL | 8870 Boesch Ln
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