8333 Mikajack Ave, Navarre, FL 32566

This exceptional investment opportunity presents a brand-new, 2,375 square foot Chipotle restaurant in Navarre, Florida, built in 2024. Located on a 0.71-acre lot at 8333 Mikajack Ave, this property boasts a prominent position along U.S. Route 98/Navarre Parkway, a major thoroughfare with an impressive 46,000 AADT. The 15-year absolute NNN lease, commencing October 15, 2024, and expiring October 15, 2039, features built-in rent bumps every five years, ensuring a passive, long-term income stream. The property benefits from a corporate guarantee and a strong co-tenancy lineup including Walmart Supercenter, Publix Supermarkets, Winn-Dixie, and other national retailers. Situated less than a mile from pristine beaches and numerous amenities, this trophy property is part of a thriving community with an average household income exceeding $117,415 within a five-mile radius. Projected household income growth of over 12% within the next five years further solidifies this investment's potential. The site's proximity to Baptist Hospital (326 beds, 6,500 employees) adds to its strategic value. The inclusion of a "Chipotlane" drive-thru enhances customer convenience and operational efficiency. With a 4.50% cap rate and a net operating income (NOI) of $188,999, this offering presents a compelling opportunity for passive investors seeking a secure, high-growth investment in a prime Florida location. The asking price is $4,200,000. This is a 1031 exchange eligible property.