914 Van Ave, Daphne, AL

Listing agent Patrick Nutt License #FL BK3120739

Listing office SRS Real Estate Partners | Fort Lauderdale Show Phone

Listing date Dec 6, 2024

Source Moodyscre

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Overview

This property features a newly constructed restaurant, completed in 2024, and designed with high-quality materials, distinct design elements, and high-level finishes. The property is currently leased to Chipotle, under a 15-year lease agreement that includes four 5-year options for extension. The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded company (NYSE: CMG) with over 3,500 locations nationwide. The lease agreement includes 10% rental increases at the beginning of each option period. The property is suitable for drive-through restaurants and other retail purposes. The building has a size of 2500 square feet.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

Location Insight

• Map
• Local Demand

City

Daphne

County

Baldwin

State

Alabama

Longitude

-87.8988

Latitude

30.5974

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FAQs

What type of property is this?

Drive through restaurant - New construction Chipotle restaurant with a corporate-backed 15-year lease.

Where is this drive through restaurant located?

The property is located at 914 Van Ave Daphne, AL.

What are key features of this property?

This property features: 15‑year lease with Chipotle, a nationally recognized tenant; Corporate guarantee from Chipotle Mexican Grill, Inc. (NYSE: CMG); Brand new 2024 construction with high‑quality materials, distinct design, and high‑level finishes