About This Restaurant
Investment Highlights
Brand New 2024 Construction Featuring Chipotle?s Latest ?Chipotlane? Prototype Design w/ Drive-Thru Outparcel to Shopping Center Anchored by Walmart, Marshalls, Burlington, & LA Fitness Dense Trade Area with Over 151,000 Residents in 5-Miles 15-Year Absolute NNN Lease with 10% Increases Every 5-Years (Corporately Guaranteed by Chipotle (NYSE: CMG)) Excellent Access & Visibility on Old National Highway with Traffic Counts Exceeding 42,500 Vehicles Per Day Minutes from Hartsfield-Jackson Atlanta International Airport - The World?s Busiest Airport by Passenger Traffic Since 1998 with Over 93 Million Passe
Executive Summary
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.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Restaurant General Retail Storefront Fast Food
- Building Size 2,325
- Building Class B
- Year Built 2024
- Price 3,134,020
- Price Per SF 1,348
- Cap Rate 4.85
- NOI 152,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.04
- Land Acres 1.24 AC
Property Taxes
Parcel Number | 13-0132-LL-340-5 | Improvements Assessment | $95,136 |
Land Assessment | $0 | Total Assessment | $95,136 |
Date Created: | 2024-07-16 04:13:34 | Last Updated: | 2024-07-16 04:13:34 |
Address: | 6375 Old National Hwy , Atlanta, Georgia, 30349 |