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Views: 28 DOM: 64 Updated: 04.09.24 Posted: 03.14.24 Status: Active

Summary

Price $3,685,000
Built/Renov 2024
Tenant Chipotle Mexican Grill
Cap Rate 4.75%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 2,348
Lease Start 07-30-2024
#Units 3,437
Price/SF $1,569.42
Expiration 07-31-2039
Tenant Type Fast Casual/Rest.
NOI $175,003
R. Term 15.2
Ownership Fee Simple
Rent/SF $74.53
Increases 10.0%/5/yrs
Pop 5Mi 188,868
Lot/AC 1.17
Options 4/5yrs/10%
AHHI 5Mi $111,167

Lease Highlights

  • Brand new 2024 construction
  • Chipotle will be executing a brand new 15-year lease with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Chipotle is strategically located on Jiles Road, with access to 27,400 vehicles passing by daily. Furthermore, the property is conveniently located less than one mile from Exit 273 of Interstate 75, a major north-south highway, with a traffic count of 137,000 VPD. Additionally, the property is in close proximity to Kennesaw State University, the 3rd largest university in Georgia, which is less...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 11,194 85,208 194,853
2023 Total Population : 10,090 82,482 188,476
2023 Employed Civilian Pop : 5,513 44,813 102,461
2023 Total Businesses : 644 2,800 6,996
2023 Average Household Income : $ 92,217 $ 109,929 $ 111,179
2023 Total Consumer Spending : $ 306 M $ 2794 M $ 6712 M
2023 Median Age : 34 34 36
2023 Total Households : 3,820 29,434 70,049
2023 Pop Age 25+: Bachelor's Degree : 2,156 17,122 38,556
2023 Average Home Value : $ 293,698 $ 330,095 $ 345,384
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Jiles Rd NW Baker Ct 2013 2,920 0.23 mi
Cherokee St Bozeman Lake Rd 2005 16,860 0.29 mi
Cherokee Street Northwest Weeks Dr 2019 35,300 0.33 mi
Cherokee Street Northwest Weeks Dr 2018 35,000 0.33 mi
Cherokee St Royal North Pkwy 2013 35,080 0.41 mi
Chalker Rd Cherokee St 2011 4,118 0.50 mi
Jiles Road Jiles Way 2018 2,960 0.50 mi
Jiles Road Jiles Way 2019 3,020 0.50 mi
Bozeman Lake Rd NW Shiloh TrlWest NW 2004 366 0.63 mi
Shiloh Rd NW Bentridge Dr 2019 4,760 0.66 mi

Listing Broker

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