13677 Walsingham Rd - Fast Food FOR SALE


Largo, FL 33774- Anona
$4,605,000 USD
480-221-4221
13677 Walsingham Rd, Largo, FL for Sale
$4,605,000 USD
Fast Food - FOR SALE
1/9
null | 4.75% Cap Rate

13677 Walsingham Rd
Largo, FL 33774
Anona


HIGHLIGHTS

  • New 15-Year Lease | Corporate Guaranty (NYSE: CMG) | Drive-Thru Equipped | 2025 Renovation
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Excellent Visibility & Access on Walsingham Road (39,000 VPD) | Dense QSR Corridor | National Co-Tenancy & Grocery Anchors
  • Strong Demographics In 5-Mile Radius | Tampa-St. Petersburg MSA

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed (NYSE: CMG), newly renovated Chipotle investment property located in Largo, Florida (Tampa-St. Petersburg MSA). The tenant, Chipotle Mexican Grill of Colorado, LLC, recently signed a new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Chipotle is one of the nation’s largest and most recognizable fast-casual restaurant brands, operating more than 3,700 company-owned restaurants across the United States. The site is equipped with a drive-thru, providing further ease and convenience for consumers.

FOR SALE DETAILS

PRICE

$4,605,000 USD

PRICE/SF

$1,596 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle | Largo, FL (St Pete-Clearwater)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

CG

APN/PARCEL ID

08-30-15-46619-000-0010

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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