10377 County Line Rd Spring Hill, FL 34609

This exceptional investment opportunity presents a fee-simple ownership of a brand-new (2024) Chipotle restaurant located at 10377 County Line Rd, Spring Hill, FL 34609. The property boasts a 2,489 square foot building situated on a 0.59-acre lot within the Seven Hills Center, a thriving neighborhood center anchored by Publix and featuring other national tenants like Starbucks and UPS. This single-tenant, absolute NNN lease with Chipotle Mexican Grill, Inc. (NYSE: CMG) offers a secure, long-term investment with a rare 20-year initial term and four 5-year renewal options. The lease includes a 10% rent increase every five years, providing built-in protection against inflation and significant NOI growth. The property benefits from a strong location, less than half a mile from Tampa General Hospital - Spring Hill, and is surrounded by several residential neighborhoods, ensuring consistent customer traffic. The asking price is $4,442,000, representing a 4.30% cap rate and a current NOI of $191,000. The 100% occupancy and credit-rated tenant provide exceptional stability and confidence in this investment. The property's demographics are equally compelling, with a 5-mile trade area boasting over 107,000 residents and 16,000 employees, and an average household income exceeding $81,115 within a 1-mile radius. Spring Hill's population is experiencing robust growth, projected to increase by 5.5% between 2025 and 2030. This is a truly exceptional opportunity to acquire a high-performing, low-maintenance asset in a rapidly growing market.