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15250 Ventura Blvd., Suite 100 Sherman Oaks, CA 91403

P: 818-986-9800 F: 818-933-0450

www.lee-associates.com

Lee & Associates® LA North/Ventura, Inc.

Corporate ID #01191898A Member of the Lee & Associates

Group of Companies

Triple Net Single Tenant Ground Leased Chipotle

2850 S Kirkman Road | Orlando, Florida

WARREN BERZACKNational Director, Lee Multifamily Advisory Group President, Berzack Investment Property Advisors

Lic. #01329015

[email protected]

The information provided herein is from sources we believe are reliable. While we do not doubtits accuracy, we have not verified it and make no representations, guarantees or warranties about it.

2850 S Kirkman Road, Orlando, FL

Ch i p o t l e

i n v e s t m e n t p r op e rt y a d v i s or sBERZACK

PROPERTY DESCRIPTION

LOCATION INFORMATION

�Blocks from the Florida Turnpike

�Less than one mile from Universal

�Nearby to multiple parks, schools, churches and temples

�Minutes from Chase Bank, Bank of America, Dollar Tree, Planet Fitness and a myriad of other retail offerings

�Corporate Guaranteed Ground Lease

�Absolute Triple Net

�27 Total Parking Spaces

�Tax Free State

�Located Just North of Universal Orlando

Chipotle is a well maintained single tenant absolute triple net retail property with approximately 2,620 square feet

of leaseable space, set on a 34,687 sqaure foot lot located in Orlando, Florida. Built in 2004, the property offers, plenty of parking, an excellent location and superb freeway access.

Highlights

Chipotle is located along the desirably located South Kirkman Road between Raleigh Street and LB McLeod Road, just south of Metrowest Blvd.



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CORPORATE CHIPOTLE GROUND LEASE2850 S. KIRKMAN ROAD, ORLANDO, FL 32811

FINANCIAL INDICATORS: PROPERTY ABSTRACT:

Purchase Price: $2,350,000 Type: Single Tenant NNN

Down Payment: $2,350,000 Age: 2004 Plus 4, 5-YearDown Payment %: 100% Approx. Lot Size: 34,687 OptionsCurrent CAP Rate: 4.53% Net Square Feet: 2,620

Rent Commencement Date: 5/15/2004Cash on Cash Return: 4.53% Lease Expiration Date: 5/14/2024

New financing available 1st loan % Original Amort Annual PMT$0 0 00% 360 $0

ANNUALIZED OPERATING DATA:Annual Rent Cap Rate Cash Flow % Return

$106,480 4.53% $106,480 4.53%$117,128 4.98% $117,128 4.98%$128,841 5.48% $128,841 5.48%$141,725 6.03% $141,725 6.03%$155,897 6.63% $155,897 6.63%

ANNUALIZED EXPENSES:

OPT. #2 5/15/29 to 5/14/34OPT. #3 5/15/34 to 5/14/39

5/15/2019 to 5/24/2024

The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it.

OPT. #4 5/15/39 to 5/14/44

DESCRIPTION

OPT. #1 5/15/24 to 5/14/29

Corporate GuaranteedAbsolute NNN Lease

www.chipotle.com

Lee & AssociatesWarren Berzack818-933-0350

Chipotle is an American restaurant chain that serves a simple menu of Mexican-inspired food. Founded in Denver, Colorado, in 1993 by Steve Ells, a classically trained chef, Chipotle has grown to more 2,788 store locations, which together serve over 1 million customers daily. The company is known for its brand and marketing of “Food With Integrity,” its commitment to offering fresh meal items and sourcing ingredients from ethically minded suppliers. With this premium food ethos, Chipotle helped usher in an era of “fast casual” dining experiences, many of which loosely mimicked the chain’s popular approach to fresh preparation and assembly-line service.The company trades on the New York Stock Exchange under the ticker symbol CMG. In May 2018, Chipotle announced the relocation of their corporate headquarters to Newport Beach, California, in Southern California, ending their relationship with Denver after 25 years. 2020 Revenue was approximately $5.985 billion2020 Pretax Net Income was $294 millionEmploys approximately 102,000 people



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AREA INFORMATIONOrlando, is a city in the U.S. state of Florida and is the county seat of Orange County. In Central Florida, it is the center of the Orlando metropolitan area, which had a population of 2,509,831, according to U.S. Census Bureau figures released in July 2017, making it the 23rd-largest metropolitan area in the United States, the sixth-largest metropolitan area in the Southern United States, and the third-largest metropolitan area in Florida behind Miami and Tampa.

As of 2019, Orlando had an estimated city-proper population of 287,442, making it the 71st-largest city in the United States, the fourth-largest city in Florida, and the state’s largest inland city. Orlando is one of the most-visited cities in the world primarily driven by tourism, major events, and convention traffic; in 2018, the city drew more than 75 million visitors. The two largest and most internationally renowned tourist attractions in the Orlando area are the Walt Disney World Resort, opened by the Walt Disney Company in 1971, and located about 21 miles southwest of downtown Orlando in Bay Lake; and the Universal Orlando Resort, opened in 1990 as a major expansion of Universal Studios Florida and the only theme park inside Orlando city limits.

DEMOGRAPHIC SUMMARY

Total Population

Average Household Income

21,082

$60,435

275,946

$69,859

1-mile radius 5-mile radius


Ch i p o t l e

The information provided herein is from sources we believe are reliable. While we do not doubtits accuracy, we have not verified it and make no representations, guarantees or warranties about it. i n v e s t m e n t p r op e rt y a d v i s or s

BERZACK

AERIAL


Ch i p o t l e

The information provided herein is from sources we believe are reliable. While we do not doubtits accuracy, we have not verified it and make no representations, guarantees or warranties about it. i n v e s t m e n t p r op e rt y a d v i s or s

BERZACK

AMENITIES AERIAL

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