34120 Wesley Chapel Blvd - Restaurant FOR SALE
Wesley Chapel, FL 33543 |
$4,822,000 USD
813-434-8278
34120 Wesley Chapel Blvd
Wesley Chapel, FL 33543
HIGHLIGHTS
- Rare 20-Year Lease | 10% Rental Increases | 4 (5-Year) Options |Corporate Guaranty
- Absolute NNN Lease | Fee Simple Ownership (Land & Building) |Zero Landlord Responsibilities | No State Income Tax
- Fronting FL-54 (32,500 VPD) | Surrounding Retailers | Adjacent to Summertree Plaza | Brand New Construction | Surrounding Residential
- Local Demographics & Trade Area | Population Growth | High-Growth Tampa Sub-Market
- New Developments - Pasco County / Wesley Chapel
OVERVIEW
• Chipotle recently signed a rare 20-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 3,700 locations
• 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
FOR SALE DETAILS
PRICE
$4,822,000 USD
PRICE/SF
$2,052 USD /SF
CAP RATE
4.5%
% LEASED
-
TENANCY
Single
STATUS
Under Construction
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Chipotle - Tampa (Wesley Chapel) FL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2026
SPRINKLERS
-
PARKING SPACES
21
LAND DETAILS
LAND ACRES
0.72 AC
LAND SF
31,363 SF
ZONING
PD
APN/PARCEL ID
18-26-21-0000-01700-0030
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813-434-8278
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813-434-8278
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