2300 E Burleigh Blvd - Restaurant FOR SALE


Eustis, FL 32726
$4,111,111 USD
704-697-1900
2300 E Burleigh Blvd, Eustis, FL for Sale
$4,111,111 USD
Restaurant - FOR SALE
1/6
null | 4.5% Cap Rate

2300 E Burleigh Blvd
Eustis, FL 32726


HIGHLIGHTS

  • CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
  • FRONTING BUSY THOROUGHFARE WITH CROSS ACCESS
  • POSITIONED IN A STRONG RETAIL NODE - 830k square feet of retail space located within a 1 - mile radius of the site

OVERVIEW

STRONG LEASE FUNDAMENTALS - 15 Year Abs. NNN Lease with zero landlord responsibilities - Four (4) five (5) year extensions remaining - 10% Increases every 5 years in base rent and extension periods POSITIONED IN A STRONG RETAIL NODE - 830k square feet of retail space located within a 1 - mile radius of the site - Nearby retailers include: Publix Supermarket, Big Lots, a Chevrolet dealership, and many restaurants NEW CONSTRUCTION WITH GREAT VISIBILITY & ACCESSIBILITY - New construction build-to-suit Chipotle with a drive-through “Chipotlane” - Multiple points of egress and ingress - Located on the main retail corridor in Eustis along E Burleigh Blvd (56,500 VPD) CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT - Chipotle has a Market Cap of $82B (NYSE: CMG) with over 3,200+ locations across the country - Chipotle opened 270 new restaurants in 2023 with 110 of those locations utilizing a Chipotlane LOCATED NEAR MAJOR HOSPITAL - 1-Mile from the Advent Health Waterman - This hospital has 300 beds and around 2k employees - This location also treats around 14,000 inpatients a year and over 65,000 patients in the emergency department FRONTING BUSY THOROUGHFARE WITH CROSS ACCESS - Site is located off of E Burleigh Blvd which has an average vehicles per day of over 50k - More than 1.3M square feet of commercial space in a one mile radius of subject site

FOR SALE DETAILS

PRICE

$4,111,111 USD

PRICE/SF

$503 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle Mexican Grill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

PD

APN/PARCEL ID

22-19-26-0003-000-04700

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.