Chipotle Ground-Lease
For Sale
Contact for pricing
Pending
1775 North University Drive, Coral Springs, FL 33071
Corporate-guaranteed lease includes patio seating and a separate parcel designated for parking.
Property SizeContact for details
Days on Market44
Property Features for 1775 North University Drive
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Fort Lauderdale
Listed By:
Lori Schneider · License #NC LC152
(954) 849-7522
Source:
Crexi
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 30 at 5:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Fort Lauderdale
Investment Insights
Based on property information with market context.
This restaurant asset consists of a ground lease beneath a 2,600-square-foot Chipotle location, together with a separate parking parcel. The building includes patio seating and has operated at the site since 2006 under a build-to-suit arrangement. The lease has nine years remaining, followed by three five-year option periods with 10% increases during each option period. A Chipotle corporate guaranty supports the lease.
The property is positioned at 1775 North University Drive in Coral Springs, Florida, along a corridor reporting 44,092 vehicles in front of the site. University Drive serves as a primary north-south route through western Fort Lauderdale and forms the center of a regional retail area. The location is situated between Coral Square Mall, a 941,000-square-foot Macy’s and Kohl’s-anchored center, and The Walk, a 240,000-square-foot lifestyle destination. The property is also adjacent to a freestanding Mercantil Commercebank with a new 20-year net lease.
The property is positioned at 1775 North University Drive in Coral Springs, Florida, along a corridor reporting 44,092 vehicles in front of the site. University Drive serves as a primary north-south route through western Fort Lauderdale and forms the center of a regional retail area. The location is situated between Coral Square Mall, a 941,000-square-foot Macy’s and Kohl’s-anchored center, and The Walk, a 240,000-square-foot lifestyle destination. The property is also adjacent to a freestanding Mercantil Commercebank with a new 20-year net lease.
Key Highlights
- 2,600‑square‑foot Chipotle restaurant with patio seating
- Ground lease has nine years remaining
- Three five‑year option periods include 10% increases in each option
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,640
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33071, FL
40,026
Population
14,184
Households
2.8
Avg Household Size
40
Median Age
43%
College-Educated
95%
High-School Grad
7.5 sq mi
ZIP Area
5,337
Density / Sq Mi
$100,279
Median Household Income
$50,090
Median Earnings
$2,092
Median Rent
$537,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Chopsticks Asian Cuisine — 10339 Royal Palm Blvd, Coral Springs, FL 33065
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Corporate-guaranteed lease includes patio seating and a separate parcel designated for parking.
Where is this conventional restaurant located?
The property is located at 1775 North University Drive Coral Springs, FL.
What are key features of this property?
This property features: 2,600‑square‑foot Chipotle restaurant with patio seating; Ground lease has nine years remaining; Three five‑year option periods include 10% increases in each option
