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    17951 N Dale Mabry Hwy Lutz, FL 33548

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    For Sale
    $5,069,767

    Long-term NNN lease with corporate guaranteed Chipotle.

    Property size:
    2,493 SF
    Lot size:
    1.23 Acres

    Property Features for 17951 N Dale Mabry Hwy

    General Information

    Size
    2,493 SF
    Lot size
    1.23 Acres

    Source: RIPCO Real Estate | Tampa Agent Ari Ravi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chipotle NNN Investment Opportunity

    This property features a corporately guaranteed lease by Chipotle Mexican Grill, Inc., a publicly traded company with over 3,700 locations. Chipotle is experiencing rapid growth as one of the fastest-growing fast-casual chains in the country, opening a record 304 new locations in 2024, with over 80% including a drive-thru "Chipotlane" for digital order pickups. Chipotle recently signed a 20-year lease with four 5-year options to extend, demonstrating a long-term commitment to the location. The lease includes 10% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease structure is Absolute NNN, providing a management-free investment in a state with no income tax. The asset is situated on N Dale Mabry Hwy, a primary north-south retail thoroughfare in Tampa, FL, with an AADT of 53,500. The property size is 2,493 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Wendy's Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lutz
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5015633
    Latitude
    28.1306734

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    FAQs

    What type of property is this?
    Drive through restaurant - Long-term NNN lease with corporate guaranteed Chipotle.
    Where is this drive through restaurant located?
    The property is located at 17951 N Dale Mabry Hwy Lutz, FL.
    What is the asking price?
    The asking price for this property is $5,069,767.
    What are key features of this property?
    This property features: - Corporately guaranteed lease by Chipotle Mexican Grill, Inc. (NYSE: CMG), a nationally recognized tenant.; - Rare 20-year lease with four, 5-year options to extend, demonstrating long-term commitment.; - Absolute NNN lease structure provides a management-free investment in a state with no income tax.
    (813) 921-5640
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    17951 N Dale Mabry Hwy Lutz, FL 33548
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17951 N Dale Mabry Hwy Lutz, FL 33548
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