17971 Dale Mabry hwy - Retail FOR SALE


Lutz, FL 33548- Northdale
$5,069,767 USD
727-452-6864
17971 Dale Mabry hwy, Lutz, FL for Sale
$5,069,767 USD
Retail - FOR SALE
1/5
null | 4.3% Cap Rate

17971 Dale Mabry hwy
Lutz, FL 33548
Northdale


HIGHLIGHTS

  • The lease is corporately guaranteed by Chipotle Mexican Grill, Inc., a publicly traded (NYSE: CMG)
  • Chipotle is one of the fastest growing fast-casual chains in the country, opening a record 304 new locations in 2024
  • Chipotle recently signed a rare 20-year lease with four, 5-year options to extend, demonstrating their long-term commitment to the site
  • Lease includes +10% rental increases every 5 years throughout the initial term and at the beginning of each option period
  • The lease structure is Absolute NNN, providing owners with a long-term, ideal, management-free investment in a state with no income tax
  • The asset is located on N Dale Mabry Hwy, the primary north-south retail thoroughfare in Tampa, FL with an AADT of 53,500

OVERVIEW

RIPCO Real Estate is pleased to offer for sale 17971 N Dale Mabry Highway, a 2,493 SF commercial property currently under construction on the eastside of N Dale Mabry Highway in Lutz, FL. The property was recently leased to Chipotle (NYSE: CMG), the largest fast-casual chain in the country by annual sales ($11.2 billion), exceeding the second largest by nearly double (Panda Express: $6.2 billion). Chipotle recently signed a rare 20-year lease that includes +10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. This stretch of N Dale Mabry Highway where the property is located has an AADT of 53,500. Within 3 miles of 17971 N Dale Mabry, there is a population of 51,252 and within 1 mile there is an average household income of $196,673. The asset would be an attractive opportunity for investors looking for a newly constructed commercial property with no landlord responsibilities, occupied by a strong national tenant with strong dedication to the location, and located on North Dale Mabry, Tampa’s largest retail corridor.

FOR SALE DETAILS

PRICE

$5,069,767 USD

PRICE/SF

$2,034 USD /SF

CAP RATE

4.3%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ari RaviRipco Real EstateMore Info
727-452-6864

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Ari RaviRipco Real EstateMore Info
727-452-6864

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