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| Price $3,182,000 | Tenant Chipotle | |
| Cap Rate 5.50% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
2,000
| Lease Start
12-11-2024
| #Units
3,636
|
| Price/SF $1,591.00 | Expiration
12-31-2039
| Tenant Type Fast Casual/Rest. |
| NOI $175,000 | R. Term 14.30 | Ownership Fee Simple |
| Rent/SF
$87.50
| Increases 10.0%/6/yrs | Pop 5Mi 18,150 |
| Lot/AC 1.07 | Options 4/5yrs/10% | AHHI 5Mi $89,940 |
| | |
Renovated in 2024 with new Chipotlane drive-thru and outdoor patio
15-year absolute NNN lease commencing December 11, 2024
Initial annual rent of $175,000 with 10% increases every 5 years
Four five-year renewal options with 10% rent increases each
Outparcel to Walmart Supercenter within Highland Crossing retail center
Five-mile trade area population of 18,150 with $89,940 average household income
Prominent location with 19,500 vehicles per day along State Route 515
The Chipotle – Ellijay, GA is strategically located along Highland Crossing / State Route 515 in East Ellijay, Georgia, with access to a daily traffic count of approximately 19,500 vehicles. The site is surrounded by major national retailers including Walmart Supercenter, Lowe’s, Chick-fil-A, etc, driving consistent consumer traffic to the area. The property is located near several schools,...
...Recent renovation
Recent building upgrades
Major thoroughfare
Near major nationals
Strong demographics
Business growth area
Brand new lease
Absolute NNN
Over 2000 units backed
Corporate Guarantee
Chipotle Mexican Grill, Inc., or “Chipotle”, is an American chain of fast-casual restaurants in the U.S., United Kingdom, Canada, Germany, and France. The Fortune 500 company...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
