Chipotle - Net Lease Property for Sale
Largo, FL
Key Investment Metrics
Price
$4,605,000
Cap Rate
4.8%
Net Operating Income
$218,750
Building Size
3441 SF
Lot Size
3,441 SF
Land Area
0.61 Acres
Remaining Term
14.5 years
Lease Expiration
12/30/2040
Lease Term
15 years
Lease Commencement
12/31/2025
Lease Type
Absolute NNN
Tenant Credit
Credit Rated
Year Built
2004
Tenancy
Single
Rent Increases
10% rental increases every 5 years throughout the initial term and at the beginning of each option
About This Chipotle Net Lease Property
This Chipotle NNN (triple net lease) property is located in Largo, FL and represents an excellent investment opportunity for commercial real estate investors. The property features 3441 square feet of building space and was built in 2004.
With a cap rate of 4.8%, this Chipotle net lease property offers stable income potential. The asking price is $4,605,000, making it an attractive option for 1031 exchange investors seeking quality Chipotle commercial properties.
Why Invest in Chipotle NNN Properties?
- Stable Income: Chipotle net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Chipotle is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Largo, FL Market Overview
Located in Largo, FL, this Chipotle property benefits from strong local demographics and market fundamentals. The Largo area offers excellent visibility and accessibility, making it an ideal location for Chipotle operations and a solid investment for net lease property buyers.