Chipotle
2,325 SF | Retail Building | Lawrenceville, GA 30044 | $3,403,000 ($1,464/SF) | 4.85% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,403,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,325 SF
- Price / Square Foot
- $1,464
Listing Contacts
Vincent Aicale
Verified Profile
Ryan Forsyth
Verified Profile
Michael Yuras
Verified Profile
Scott Crowle
Verified Profile
- Property Info
Property Overview
266,204 residents live within a five-mile radius of the property (21% growth since 2010)
High average annual household income of $89,392 within five miles
Average annual income projected to increase 15% by 2028, poising Chipotle and Lawrenceville for significant growth
Gateway to Downtown Atlanta, the most populous city in Georgia (498,715 residents), and part of the ninth-largest metro area in the U.S. (over six million people)
Georgia’s business climate has been ranked #1 in the nation for the eighth consecutive year by Site Selection and Area Development ranked Georgia the top state for doing business for the seventh year in a row
Located at a four-way signalized intersection with access to 88,710 combined vehicles per day
Prominent location off Interstate 85 with excellent freeway visibility and access to 274,000 vehicles per day
The property is in a prime location within a dense retail corridor with neighboring retailers including Walmart, Kroger, Best Buy, Chipotle, Publix, City Farmers Market, Chick-fil-A, Dollar General, Walgreens, Advance Auto Supply, Guitar Center, Family Dollar and many others
The surrounding area is also home to a number of schools, including Lawrenceville High School (319 Students), Central Gwinnett High School (2,378 Students), and Gwinnett Technical College (8,876 Students)
High average annual household income of $89,392 within five miles
Average annual income projected to increase 15% by 2028, poising Chipotle and Lawrenceville for significant growth
Gateway to Downtown Atlanta, the most populous city in Georgia (498,715 residents), and part of the ninth-largest metro area in the U.S. (over six million people)
Georgia’s business climate has been ranked #1 in the nation for the eighth consecutive year by Site Selection and Area Development ranked Georgia the top state for doing business for the seventh year in a row
Located at a four-way signalized intersection with access to 88,710 combined vehicles per day
Prominent location off Interstate 85 with excellent freeway visibility and access to 274,000 vehicles per day
The property is in a prime location within a dense retail corridor with neighboring retailers including Walmart, Kroger, Best Buy, Chipotle, Publix, City Farmers Market, Chick-fil-A, Dollar General, Walgreens, Advance Auto Supply, Guitar Center, Family Dollar and many others
The surrounding area is also home to a number of schools, including Lawrenceville High School (319 Students), Central Gwinnett High School (2,378 Students), and Gwinnett Technical College (8,876 Students)
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Freestanding, Storefront Retail/Office
- Lot Size (sq. ft)
- 49,223 SF
Highlights
- New 15-year absolute NNN lease
- 10% rental increases in initial term and option periods
- Strong corporate guarantee from an investment-grade national tenant (NYSE: “CMG”)
- Chipotle is ranked on the Fortune 500 and is recognized on the 2023 list for Fortune’s Most Admired Companies
- Chipotle is the only restaurant company of its size that owns and operates all its restaurants
- New high-quality 2023 construction built to latest Chipotle prototype. Site features a “Chipotlane” drive-thru for added customer convenience
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