Current Use by Public Records
- BB&T / Loan Service
- BB&T ATM / Atm
Property Details for 2300 Burleigh Blvd
- Year built
- 2024
- Lot size
- 1.24 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
Exceptional investment opportunity: A brand-new, 2,497 square foot Chipotle Mexican Grill with a drive-through "Chipotlane" is available for purchase. This fee-simple property boasts a 15-year absolute NNN lease with a corporate guarantee from Chipotle (NYSE: CMG), a company with a market cap exceeding $82 billion and over 3,200 locations nationwide. The lease commenced November 30, 2024, and includes four 5-year renewal options with 10% rent increases every five years. The property sits on a 1.24-acre lot in a prime retail location on E Burleigh Blvd in Eustis, Florida (32726), a high-traffic area with over 56,500 vehicles per day. The site benefits from excellent visibility and accessibility, multiple points of ingress and egress, and proximity to other major retailers including Publix, Big Lots, and a Chevrolet dealership. Furthermore, its location near AdventHealth Waterman hospital (300 beds, ~2,000 employees, and over 65,000 annual emergency room patients) provides a substantial customer base. The property generates a strong net operating income (NOI) of $185,000, resulting in a 4.50% cap rate. This is a rare opportunity to acquire a high-performing, low-maintenance investment with a blue-chip tenant and significant long-term growth potential. The property was built in 2024 and has 100% occupancy. This is a Class A asset with a strong lease structure and a compelling return on investment.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eustis
- County
- Lake
- State
- Florida
- Longitude
- -81.7038
- Latitude
- 28.8215
