| Purchase Price | $4,800,000 |
|---|---|
| Annual Rental Income | $312,000 |
| Cap Rate | 6.5% |
| Lease Term | 10 Years |
| City | Orlando MSA |
Chipotle & Heartland Dental Net Lease Investment Opportunity
Orlando, FL MSA
Two Tenants | 10-Year Triple Net (NNN) Leases
This offering presents a rare opportunity to acquire a newly constructed, two-tenant retail property leased to Chipotle Mexican Grill and Heartland Dental, located in the high-growth Orlando Metropolitan Statistical Area. Featuring fee simple ownership and brand-new 10-year triple net leases with both tenants, this property provides investors with a secure, predictable income stream backed by two of the nation’s most reliable and growing operators in the quick-service restaurant and healthcare sectors. Situated on a hard corner with excellent visibility, strong traffic counts, and robust demographics, this asset represents a premier long-term investment in one of Florida’s fastest-growing markets.
Location and Market Overview
Orlando is one of the most dynamic markets in the United States, with a metro population exceeding 2.6 million residents and ranking among the fastest-growing regions in the country. Known worldwide as a premier tourism destination, Orlando also benefits from a highly diversified economy driven by technology, healthcare, higher education, aerospace, and a thriving service industry.
The subject property is strategically located at a hard-corner signalized intersection in a thriving retail corridor, surrounded by national brands, grocery anchors, and residential developments. Daily traffic counts at the intersection exceed 45,000 vehicles, ensuring maximum exposure for both tenants. In addition, the property’s proximity to schools, medical facilities, and major employment centers generates consistent, reliable customer traffic.
Demographics
The surrounding trade area supports strong retail and healthcare demand. Within a three-mile radius, the population exceeds 85,000 residents with average household incomes above $92,000. Expanding to five miles, the population reaches more than 200,000 residents with equally robust income levels. The area continues to experience steady residential and commercial growth, driving demand for both fast-casual dining and dental services.
Property Details
The property consists of two adjacent retail suites totaling approximately 6,500 square feet, situated on a 1.2-acre parcel with ample shared parking and attractive landscaping. Chipotle occupies approximately 2,400 square feet, built to their latest prototype featuring a modern design, efficient kitchen layout, and mobile order pick-up lane. Heartland Dental occupies approximately 4,100 square feet, constructed to accommodate state-of-the-art dental technology and patient-friendly layouts.
The site’s positioning on a hard corner with multiple access points ensures excellent ingress and egress, supporting steady customer traffic throughout the day. The property was constructed in 2023 and delivered turnkey to the tenants under brand-new leases.
Lease Structure and Tenant Guarantees
Both Chipotle and Heartland Dental are operating under 10-year triple net (NNN) leases, with each tenant responsible for their pro-rata share of property taxes, insurance, and maintenance. This structure provides investors with a true passive investment experience, minimizing landlord responsibilities.
Chipotle Mexican Grill is one of the most recognizable fast-casual dining brands in the country, operating over 3,200 restaurants nationwide and continuing to expand in high-growth markets. Heartland Dental, the nation’s largest dental support organization, operates more than 1,600 offices nationwide and is backed by strong private equity investment. Both tenants are recognized leaders in their industries, offering stable credit profiles and reliable rental income.
Surrounding Area and Trade Drivers
The property benefits from being located in the Orlando MSA, which is not only a world-class tourist destination but also a rapidly expanding residential market. The region’s consistent population growth, job creation, and infrastructure investment provide a solid foundation for long-term retail and healthcare demand. Nearby trade drivers include regional shopping centers, healthcare facilities, K–12 schools, and higher education institutions, all of which contribute to consistent daily traffic for the tenants.
Investment Highlights
Buyer Profile and Financing
This asset is ideally suited for 1031 exchange buyers, institutional investors, REITs, family offices, and private equity firms seeking a stable, long-term net lease investment backed by two industry-leading tenants. The fee simple ownership and strong corporate guarantees make this property highly attractive to lenders, allowing for favorable financing terms.
Conclusion
This Chipotle and Heartland Dental two-tenant property in the Orlando, FL MSA represents a premier net lease investment opportunity. With brand-new 10-year triple net leases, strong corporate-backed tenants, and a prime hard-corner location in one of Florida’s most rapidly growing markets, the property delivers secure, predictable cash flow and minimal management obligations. This is an excellent addition to any long-term net lease portfolio.
Qualified investors are encouraged to request the offering memorandum, lease abstracts, and financial details.