Chipotle Fort Walton Beach,Florida

$3,500,000
Closed Single-Tenant
Property type:Single-Tenant Net Lease

The space

  • Price: $3,500,000
  • Cap Rate: 4.00%
  • Rentable Square Feet: 2,325
  • Annual Rent: $140,000
  • Year Built: 2021
  • Lease Type: NNN
  • Lease Term: 15 Years
  • Rent Increases: 10% Every 5 Years
  • Lease Expiration: 7/1/2036

Description

227 Carol Avenue
Fort Walton Beach, FL 32548

Investment Highlights

  • Renewal Options
  • Brand New Location, Now Open!
  • Location Features “Chipotlane” – Chipotle’s Extremely Successful Drive-Thru Concept
  • 10 Percent Rent Increases Every Five Years During Base Term and Option Periods
  • Despite the Pandemic, Revenue Increased by 7.1% in 2020
  • The Company Operates 2,768 Locations and Generated a Revenue of More Than $6 Billion in 2020
  • As of September 2021, Chipotle’s Stock is at or Near All-Time Highs
  • Located on Mary Esther Cut Off With a Traffic Count of More Than 32,000 Vehicles Daily
  • Situated Between Beal Parkway, With 47,500 Vehicles Daily, and Miracle Strip Parkway, With 34,000 Vehicles Daily
  • Directly Across from Publix Anchored Center With Regal Cinema
  • 2.5 Miles from Fort Walton Beach Medical Center — One of the Largest Private Sector Employers in the Region With More Than 1,000 Physicians and Staff
  • Less Than Three Miles from Northwest Florida State College, With a Total Enrollment of 17,012 Students and 700 Faculty and Staff
  • Strong Military Presence in the Surrounding Area

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