Chipotle

125 Palm Bay Road, West Melbourne, FL
Deal Type:
Net Lease
Price:
$4,590,000
Cap Rate:
4.00%
Current Rent:
$183,600
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
Four, 5-year options
Building Sq. Ft.:
2,448 SF
Rent Increases:
10% increases every 5-years
Site Size:
1.15 Acres

Investment Highlights

  • New construction with zero landlord responsibilities
  • Rare land and building lease allowing an investor to depreciate the building
  • Situated in a high performing Publix anchored shopping center on Palm Bay Rd., one minute west of heavily traveled I-95
  • Brand new 15-year lease with increases throughout initial term and options | Inflation Hedge
  • Nearby National Retailers include: WalMart Supercenter, LA Fitness, Chick-fil-A, Chase Bank, Target, Marshalls, McDonald’s, Starbucks and CVS

Listing Agents

Sasha Dominguez

Vice President
786 443 4960
Sasha@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

Broker of Record: Robert Jolly, Lic. #CQ1048374

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