- The tenant has 14+ years remaining with 4 (5-Year) options to extend, demonstrating their long-term commitment to the site
- The lease is corporate signed by Chipotle Mexican Grill, Inc., a leading fast-casual Mexican restaurant chain in the U.S. with over 3,400 locations
- 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
- Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
- Zero landlord responsibilities
- Investor benefits from fee-simple ownership of the building and land
- Ideal management-free investment for a passive investor in a state with no state income tax
Off Market
Inverness, FL - Chipotle
911 W Main St | Inverness, FL 34450
Description
Location
- Robust market in the growing corridors between Tampa, Ocala and the Villages
- Limited competition for casual dining, creating a large consumer draw from the immediate trade area
- Subject property is strategically located at the signalized intersection of W. Main Street and US Hwy 41, averaging a combined 57,200 vehicles passing by daily
- Positioned directly across to the brand-new Publix Super Market Plaza Inverness with tenants including Panera Bread, Mattress One, AT&T, and more
- The Publix ranks in the top 78% (284 out of 1,323) of all nationwide locations according to Placer.ai
- This site is part of the new “Chipotlane” concept, providing ease and convenience for customers
- More than 33,200 residents and 12,400 employees support the trade area
- Features an average household income of $58,489
- Inverness is currently growing at a rate of 1.07% annually and its population has increased by 4.42% since the most recent census
Contact
Patrick Nutt
Sr Managing Principal & Co-Head of National Net Lease
954.302.7365954.302.7365[email protected]FL #: BK3120739