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 Responsibilities – Ideal 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