6341 Waters Ave Tampa, FL 33634-1146

Property Details for 6341 Waters Ave

Lot size

0.42 lot acres

Zone code

PD

Property type

Commercial land

APN

U242817D1M000000000010

APU

U242817D1M000000000010

Description

This exceptional investment opportunity presents a brand-new, 2024-built Chipotle restaurant located at 6341 W Waters Ave, Tampa, FL 33634. The property features a 15-year absolute NNN lease with a corporate guarantee from Chipotle, a Fortune 500 company boasting over 3,500 locations and $10.663 billion in annual revenue. The lease includes 10% rent increases every five years, ensuring consistent income growth. This strategically positioned property benefits from a high-traffic location at a signalized intersection with 61,855 cars per day, adjacent to a Target and Lowe's anchored power center, and within walking distance of a large Class-A business park. The property's "Chipotlane" drive-thru caters to the over 250,000 residents in this rapidly growing area of Tampa. The strong demographics include a significant daytime population exceeding 139,100 employees within a 5-mile radius, proximity to major employers in the Tampa Airport Industrial Area, Raymond James Stadium, the University of South Florida, Hillsborough College, numerous K-12 schools, MacDill Air Force Base, and Tampa International Airport. The property boasts a 4.50% cap rate and a net operating income (NOI) of $181,500, making it an attractive addition to any investment portfolio. The current occupancy is 100%. This is a rare opportunity to acquire a high-performing, passively managed asset with significant long-term growth potential.