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