Chipotle 1475 NW Pleasant Hill Rd

Investment Highlights

New 15-year absolute NNN lease Strong corporate guarantee from an investment-grade national tenant (NYSE: ?CMG?) Chipotle is the only restaurant company of its size that owns and operates all its restaurants 10% rental increases in initial term and option periods Chipotle is ranked on the Fortune 500 and is recognized on the 2023 list for Fortune?s Most Admired Companies New high-quality 2023 construction built to latest Chipotle prototype. Site features a ?Chipotlane? drive-thru for added customer convenience

Executive Summary

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 milesAverage annual income projected to increase 15% by 2028, poising Chipotle and Lawrenceville for significant growthGateway 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 rowLocated at a four-way signalized intersection with access to 88,710 combined vehicles per dayProminent location off Interstate 85 with excellent freeway visibility and access to 274,000 vehicles per dayThe 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 othersThe 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)

• Sale Type    Investment NNN
• Sale Condition    1031 Exchange
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Fast Food General Retail Restaurant General Retail Storefront Retail/Office Freestanding
• Building Size    2,325
• Building Class    B
• Year Built    2023
• Price    3,403,000
• Price Per SF    1,464
• Cap Rate    4.85
• NOI    165,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.05
• Land Acres    1.13 AC

• Drive Thru