23250 US Highway 27 - Fast Food FOR SALE
Lake Wales, FL 33859 |
$3,895,000 USD
954-400-2748
23250 US Highway 27
Lake Wales, FL 33859
HIGHLIGHTS
- Brand New 15-Year Lease | Corporate Guaranty | Brand New Construction | Scheduled Rental Increases | Leading Fast-Casual Chain
- Absolute NNN Lease | Fee Simple Ownership (Land & Building) | No Landlord Responsibilities | No State Income Tax
- Across From Lowe’s | Eagle Ridge Mall (624,000+ SF) | Dense Retail Corridor | Strong National/Credit Tenant Presence
- Situated Along US-27 (41,000 VPD) | Excellent Visibility & Access
- Strong Demographics in 5-mile Trade Area
OVERVIEW
• Chipotle recently signed a brand new 15-year lease with 4 (5-year) options to extend
• The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded
(NYSE: CMG) and nationally recognized tenant with over 3,800 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
FOR SALE DETAILS
PRICE
$3,895,000 USD
PRICE/SF
$1,562 USD /SF
CAP RATE
4.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Chipotle - Lake Wales FL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Fast Food, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.09 AC
LAND SF
47,480 SF
ZONING
-
APN/PARCEL ID
27-29-21-000000-014010
ASK ABOUT THIS PROPERTY
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954-400-2748
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954-400-2748
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
