Chipotle Investment Property For Sale – Restaurant – Freestanding Building in Jacksonville, Florida

9395 Atlantic Blvd, Jacksonville, FL 32225

Asking $2,880,000
Sale Type: Investment
Cap Rate: 5.00%

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Tenant Occupied:

• Single Tenant: Chipotle
• Lease Type: NNN
• Rent per SF: $63.40
• SF Occupied: 2,271 SF
• Lease Expiration: January 2029
• Lease Began: September 2017
• Employees: 25

About Chipotle

When Chipotle opened its first restaurant in 1993, the idea was simple: show that food served fast didn’t have to be a “fast-food” experience. Using high-quality raw ingredients, classic cooking techniques, and distinctive interior design, they brought features from the realm of fine dining to the world of quick-service restaurants. Over 23 years later, their devotion to seeking out the very best ingredients they can–raised with respect for animals, farmers, and the environment–remains at the core of their commitment to Food With Integrity. And as they’ve grown, their mission has expanded to ensuring that better food is accessible to everyone.

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Highlights

• Corporate Lease – Credit Tenant (Chipotle Mexican Grill NYSE: CMG” )
• Ease of Management, Minimal landlord responsibilities, NNN Lease
• Approximately 7.5+ years left on initial Lease with Four (5) Yrs. options
• 5.0% CAP Rate, 10% Increase in Jan. 2024 with in place income
• High Traffic Location
• Over 219,000 people within 5 miles radius

Description