643 Thornton Rd, Lithia Springs, GA 30122
2,336 SF | 4-Star Retail Building | Lithia Springs, GA 30122 | $2,476,000 ($1,060/SF) | 5% Cap Rate
For Sale
Active
3 pictures
Asking Price $2,476,000
- Property Type
-
Retail
- Square Feet
- 2,336 SF
- Price / Square Foot
- $1,060
Listing Contacts
David Hoppe
- Property Info
Property Overview
Favorable Lease Structure - Absolute NNN | 10% rent increase every 5 years in the initial term and option periods | Four (4), 5-year options to extend
Atlanta MSA - Lithia Springs is located within the Atlanta MSA | 5.79 Million Residents | 18 Miles Away from Atlanta’s CBD
Corporate Guaranty from Investment Grade Tenant - Chipotle has a market cap of $38B (NYSE: CMG) with over 3,000+ locations across the country | Approximately 250 new locations in 2022
Excellent Visibility with Large Traffic Counts - Over 38,000 ADT (Thornton Road), with premium road frontage (237 feet)
Chipotlane and Freestanding Location - The property features a drive-thru, which studies have shown can increase restaurant sales by as much as 8%
Nearby Interstate Access - 1.5 Miles from Interstate 20 - Over 105,000 ADT | Main highway used to commute into the Atlanta City Center
Concentrated Retail Corridor - Located in a dense retail trade area with national chains such as Kroger, Office Depot, Sonic, Walgreens, and many others
Steady Population Growth - The 3-mile radius surrounding this Chipotle Location has a projected population growth of 6% over the next five years
Atlanta MSA - Lithia Springs is located within the Atlanta MSA | 5.79 Million Residents | 18 Miles Away from Atlanta’s CBD
Corporate Guaranty from Investment Grade Tenant - Chipotle has a market cap of $38B (NYSE: CMG) with over 3,000+ locations across the country | Approximately 250 new locations in 2022
Excellent Visibility with Large Traffic Counts - Over 38,000 ADT (Thornton Road), with premium road frontage (237 feet)
Chipotlane and Freestanding Location - The property features a drive-thru, which studies have shown can increase restaurant sales by as much as 8%
Nearby Interstate Access - 1.5 Miles from Interstate 20 - Over 105,000 ADT | Main highway used to commute into the Atlanta City Center
Concentrated Retail Corridor - Located in a dense retail trade area with national chains such as Kroger, Office Depot, Sonic, Walgreens, and many others
Steady Population Growth - The 3-mile radius surrounding this Chipotle Location has a projected population growth of 6% over the next five years
Property Details
- Class
- B
- Year Built
- 2022
- Stories
- 1
- Lot Size (sq. ft)
- 55,321 SF
Highlights
- Favorable Lease Structure - Absolute NNN | 10% rent increase every 5 years in the initial term and option periods | Four (4), 5-year options to extend
- Atlanta MSA - Lithia Springs is located within the Atlanta MSA | 5.79 Million Residents | 18 Miles Away from Atlanta’s CBD
- Corporate Guaranty from Investment Grade Tenant - Chipotle has a market cap of $38B (NYSE: CMG) with over 3,000+ locations across the country
- Excellent Visibility with Large Traffic Counts - Over 38,000 ADT (Thornton Road), with premium road frontage (237 feet)
- Chipotlane and Freestanding Location - The property features a drive-thru, which studies have shown can increase restaurant sales by as much as 8%
- Nearby Interstate Access - 1.5 Miles from Interstate 20 - Over 105,000 ADT | Main highway used to commute into the Atlanta City Center
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