SRS Real Estate Partners announced today the $4.1 million sale of a Chipotle property located at 10377 County Line Road in Spring Hill, FL. Built in 2024, the 2,489-square-foot property is situated on a .59-acre site and has a 20-year, corporate-guaranteed lease in place.
SRS Capital Markets Senior Managing Principal Patrick Nutt and Executive Vice President & Principal William Wamble who are based in Florida represented the seller, a Florida-based developer. The buyer was a private investor from Colorado. The closing cap rate was 4.66%.
“Chipotle continues to grow its market share with more than 3,500 restaurants in the United States and in excess of $11 billion in total revenue last year,” said Wamble. “Investors view these assets as a stable and cash-flowing investment. The majority of Chipotle-occupied properties that we have sold also have zero landlord responsibilities, adding to their appeal.”
The property is part of Seven Hills Center, a neighborhood center anchored by Publix. It is also one-half mile west of Tampa General Hospital Spring Hill and is surrounded by several neighborhoods.
In 2024, SRS Capital Markets completed approximately $2.5 billion in deal volume comprised of more than 600 transactions in 45 states. SRS currently has in excess of 740 properties actively on the market with a market value surpassing $3.5 billion.
About SRS Real Estate Partners
Founded in 1986, SRS Real Estate Partners is building upon its retail foundation to provide extensive commercial real estate solutions to tenants, owners, and investors. Headquartered in Dallas, with 29 offices in the U.S., SRS has grown into one of the industry’s most influential and respected leaders. Our commitment to excellence is strengthened by our Guarantee of Value and our success is measured in the achievement of our clients’ objectives, satisfaction, and trust. For more information, please visit srsre.com.