For Sale
$4,111,111

2300 Burleigh BlvdEustis, FL 32726

High-ROI Chipotle in Florida

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity: A brand-new, 2,497 square foot Chipotle Mexican Grill with a drive-through "Chipotlane" is available for purchase. This fee-simple property boasts a 15-year absolute NNN lease with a corporate guarantee from Chipotle (NYSE: CMG), a company with a market cap exceeding $82 billion and over 3,200 locations nationwide. The lease commenced November 30, 2024, and includes four 5-year renewal options with 10% rent increases every five years. The property sits on a 1.24-acre lot in a prime retail location on E Burleigh Blvd in Eustis, Florida (32726), a high-traffic area with over 56,500 vehicles per day. The site benefits from excellent visibility and accessibility, multiple points of ingress and egress, and proximity to other major retailers including Publix, Big Lots, and a Chevrolet dealership. Furthermore, its location near AdventHealth Waterman hospital (300 beds, ~2,000 employees, and over 65,000 annual emergency room patients) provides a substantial customer base. The property generates a strong net operating income (NOI) of $185,000, resulting in a 4.50% cap rate. This is a rare opportunity to acquire a high-performing, low-maintenance investment with a blue-chip tenant and significant long-term growth potential. The property was built in 2024 and has 100% occupancy. This is a Class A asset with a strong lease structure and a compelling return on investment.

Highlights

  • $4,111,111 asking price for a fee-simple, Class A, 2,497 SF Chipotle restaurant in Eustis, FL.
  • Absolute NNN lease with corporate guarantee, 15-year term (11/30/2024 - 11/29/2039), including four 5-year renewal options with 10% rent increases every 5 years.
  • 4.50% cap rate, $185,000 NOI, 100% occupancy.
  • New construction (2024) with drive-thru ("Chipotlane"), situated on a high-traffic retail corridor (56,500 VPD) with excellent visibility and access.
  • Located within a strong retail node, near Publix, Big Lots, and a major hospital (AdventHealth Waterman).
  • Strong tenant (Chipotle) with a significant market cap and extensive national presence.

Property Details for 2300 Burleigh Blvd

Property type
Retail properties, Restaurants
Square Feet
2,497 SF
Class
A
Year Built
2024
Lot Size (sq. ft)
54,014 SF

Location Insight

City
Eustis
County
Lake
State
Florida
Latitude
28.82154325
Longitude
-81.70377102
2300 Burleigh Blvd, Eustis, Florida

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2300 Burleigh Blvd
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