Chipotle | Absolute NNN Lease

1020 Chen Parkway, McDonough, GA 30253

Property Description

Price: $3,105,000
Cap Rate: 4.75%
Gross Leasable Area: ±2,325 Square Feet
Year Built: 2024

Investment Highlights

Brand New 15-Year Corporate Guaranteed Chipotle

Outparcel to New Sprouts Anchored Shopping Center

Located on the Corner of a Signalized Intersection Across from a Brand New Costco-Anchored Center

Attractive Seller Financing Available with a Below-Market Interest Rate (Please Contact Agent for More Details)

Prime Retail Location

  • Located Near Interstate 75 with Traffic Counts Exceeding 167,000 Cars Per Day | I-75 is a Major Highway that Connects Miami to Detroit
  • Multiple Residential Developments Next Door Including The Levi Luxury Apartments which Consist of 660 Apartments/Townhomes, 66 Single Family Houses, and a New 200 Unit Senior Living Center
  • Outparcel to the #1 Visited Sprouts in the State of Georgia According to Placer.ai (Please Contact Agent for More Details)
  • The Subject Property is Part of a Brand-New Master Planned Development with a Number of Premium Retailers Including Whataburger, Chick-fil-A, Starbucks, Bank of the Ozarks, First Watch, Bubba’s 33, Valvoline, Costco, Chipotle, Hacienda Bar & Grill, Lush Nail Bar, and Many More

Corporate Chipotle Mexican Grill

  • Absolute NNN Property with Zero Landlord ResponsibilitiesIdeal for Investors Not Local to the Market
  • Chipotle has Over 3,400 Locations in Operation | Corporate Guaranty from Investment Grade Tenant with Over $10 Billion in Revenue
  • Rare Drive-Thru “Chipotlane” Concept to Accommodate More Order Volume
  • Scheduled 10% Rental Increases Every 5 Years Throughout the Initial Term and Options Provide for an Excellent Hedge Against Inflation

Pride of Ownership Property in McDonough, GA

  • Dense, Infill Location with Over 102,000 Residents Within 5 Miles | Affluent Area with the Average Household Income Exceeding $94,000 Within 5 Miles
  • The Surrounding Area Benefits From a Very Low Unemployment Level of 2.62%
  • Access to Major Interstate Corridor with Easy Access to Downtown Atlanta Makes the Local Market an Industrial & Distribution Hub with ±8.8M Square Feet of Industrial Properties

 

Broker of Record: John Leonard – 1100 Abernathy Road NE, Building 500, Suite 600, Atlanta, GA 30328

Phone: (678) 808-2700 | License: 252904

Contact Information

Craig Elster
Senior Director Investments
(949) 419-3223
[email protected]
License: CA 01958307

Ron Duong
Ron Duong
Senior Managing Director Investments
(949) 419-3233
[email protected]
License: CA 01438643

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