Chipotle | New 15-Year Absolute NNN | Atlanta
2,325 SF | Retail Building | Atlanta, GA 30349 | $3,134,020 ($1,348/SF) | 4.85% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,134,020
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,325 SF
- Price / Square Foot
- $1,348
Listing Contacts
John Wertz
Verified Profile
- Property Info
Property Overview
The subject property is a newly constructed Chipotle drive-thru located in College Park (Atlanta), GA. The brand new 15-year absolute NNN lease is corporately guaranteed by Chipotle Mexican Group, Inc. (NYSE: CMG) and includes 10% rental increases every 5-years in the primary term and in the (4) five-year option periods.
This brand new Chipotle is strategically located at the entrance to a busy shopping center anchored by Walmart, Marshalls, Burlington, & LA Fitness. The site benefits from its excellent visibility and access along Old National Highway, which boasts over 42,500 vehicles per day. This new Chipotle is located less than 2-miles from Hartsfield-Jackson Atlanta International Airport, the world’s busiest airport by passenger traffic since 1998 with over 93 million passengers annually. The site is located in a dense trade area with over 151,000 residents in 5-miles.
National retailers in the immediate vicinity include Walmart, LA Fitness, Marshalls, Five Below, Walgreens, Dunkin’ Donuts, Advance Auto Parts, AutoZone, Kroger, Popeyes, IHOP, Goodwill, Smoothie King, McDonald’s, Wendy’s, KFC, Taco Bell and many more. This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.
This brand new Chipotle is strategically located at the entrance to a busy shopping center anchored by Walmart, Marshalls, Burlington, & LA Fitness. The site benefits from its excellent visibility and access along Old National Highway, which boasts over 42,500 vehicles per day. This new Chipotle is located less than 2-miles from Hartsfield-Jackson Atlanta International Airport, the world’s busiest airport by passenger traffic since 1998 with over 93 million passengers annually. The site is located in a dense trade area with over 151,000 residents in 5-miles.
National retailers in the immediate vicinity include Walmart, LA Fitness, Marshalls, Five Below, Walgreens, Dunkin’ Donuts, Advance Auto Parts, AutoZone, Kroger, Popeyes, IHOP, Goodwill, Smoothie King, McDonald’s, Wendy’s, KFC, Taco Bell and many more. This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding, Storefront
- Lot Size (sq. ft)
- 54,014 SF
Highlights
- Brand New 2024 Construction Featuring Chipotle’s Latest “Chipotlane” Prototype Design w/ Drive-Thru
- 15-Year Absolute NNN Lease with 10% Increases Every 5-Years (Corporately Guaranteed by Chipotle (NYSE: CMG))
- Outparcel to Shopping Center Anchored by Walmart, Marshalls, Burlington, & LA Fitness
- Excellent Access & Visibility on Old National Highway with Traffic Counts Exceeding 42,500 Vehicles Per Day
- Dense Trade Area with Over 151,000 Residents in 5-Miles
- Minutes from Hartsfield-Jackson Atlanta International Airport - The World’s Busiest Airport by Passenger Traffic Since 1998 with Over 93 Million Passe
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