15250 Ventura Blvd., Suite 100 Sherman Oaks, CA 91403
P: 818-986-9800 Lee & Associates®
LA North/Ventura, Inc.
Corporate ID #01191898
A Member of the Lee & Associates Group of Companies
Triple Net Single Tenant Ground Leased Chipotle
2850 S Kirkman Road | Orlando, Florida
National Director, Lee Multifamily Advisory Group President, Berzack Investment Property Advisors
Blocks from the Florida Turnpike
Less than one mile from Universal
Nearby to multiple parks, schools, churches and temples
Minutes from Chase Bank, Bank of America, Dollar Tree, Planet Fitness and a myriad of other retail offerings
Corporate Guaranteed Ground Lease
Absolute Triple Net
27 Total Parking Spaces
Tax Free State
Located Just North of Universal Orlando
Chipotle is a well maintained single tenant absolute triple net retail property with approximately 2,620 square feet of leaseable space, set on a 34,687 sqaure foot lot located in Orlando, Florida. Built in 2004, the property offers, plenty of parking, an excellent location and superb freeway access.
Chipotle is located along the desirably located South Kirkman Road between Raleigh Street and LB McLeod Road, just south of Metrowest Blvd.
CORPORATE CHIPOTLE GROUND LEASE 2850 S. KIRKMAN ROAD, ORLANDO, FL 32811
FINANCIAL INDICATORS: PROPERTY ABSTRACT:
Purchase Price: $2,350,000 Type: Single Tenant NNN
Down Payment: $2,350,000 Age: 2004 Plus 4, 5-Year
Down Payment %: 100% Approx. Lot Size: 34,687 Options
Current CAP Rate: 4.53% Net Square Feet: 2,620
Rent Commencement Date: 5/15/2004
Cash on Cash Return: 4.53% Lease Expiration Date: 5/14/2024
New financing available 1st loan$0 0 00%% Original Amort360 Annual PMT$0 ANNUALIZED OPERATING DATA:
Annual Rent Cap Rate Cash Flow % Return
$106,480 4.53% $106,480 4.53%
$117,128 4.98% $117,128 4.98%
$128,841 5.48% $128,841 5.48%
$141,725 6.03% $141,725 6.03%
$155,897 6.63% $155,897 6.63%
OPT. #2 5/15/29 to 5/14/34 OPT. #3 5/15/34 to 5/14/39 5/15/2019 to 5/24/2024
The information provided herein is from sources we believe are reliable.
While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it.
OPT. #4 5/15/39 to 5/14/44
OPT. #1 5/15/24 to 5/14/29
Corporate Guaranteed Absolute NNN Lease
www.chipotle.com Lee & Associates Warren Berzack 818-933-0350
Chipotle is an American restaurant chain that serves a simple menu of Mexican-inspired food. Founded in Denver, Colorado, in 1993 by Steve Ells, a classically trained chef, Chipotle has grown to more 2,788 store locations, which together serve over 1 million customers daily.
The company is known for its brand and marketing of “Food With Integrity,” its commitment to offering fresh meal items and sourcing ingredients from ethically minded suppliers. With this premium food ethos, Chipotle helped usher in an era of “fast casual” dining
experiences, many of which loosely mimicked the chain’s popular approach to fresh preparation and assembly-line service.
The company trades on the New York Stock Exchangeunder the ticker symbol CMG. In May 2018, Chipotle announced the relocation of their corporate headquarters to Newport Beach, California, in Southern California, ending their relationship with Denver after 25 years.
2020 Revenue was approximately $5.985 billion 2020 Pretax Net Income was $294 million Employs approximately 102,000 people
Orlando, is a city in the U.S. state of Florida and is the county seat of Orange County. In Central Florida, it is the center of the Orlando metropolitan area, which had a population of 2,509,831, according to U.S.
Census Bureau figures released in July 2017, making it the 23rd-largest metropolitan area in the United States, the sixth-largest metropolitan area in the Southern United States, and the third-largest metropolitan area in Florida behind Miami and Tampa.
As of 2019, Orlando had an estimated city-proper population of 287,442, making it the 71st-largest city in the United States, the fourth- largest city in Florida, and the state’s largest inland city.
Orlando is one of the most-visited cities in the world primarily driven by tourism, major events, and convention traffic; in 2018, the city drew more than 75 million visitors. The two largest and most internationally renowned tourist attractions in the Orlando area are the Walt Disney World Resort, opened by the Walt Disney Company in 1971, and located about 21 miles southwest of downtown Orlando in Bay Lake; and the Universal Orlando Resort, opened in 1990 as a major expansion of Universal Studios Florida and the only theme park inside Orlando city limits.
Average Household Income 21,082
1-mile radius 5-mile radius