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Chipotle, Woodstock, GA

Chipotle

Woodstock, GA

Price $3,562,000
Cap Rate 3.65%
NOI $130,000
Lease Term 15 Years
Lease Type Absolute NNN Lease, With Tenant Responsible For All Taxes Insurance, And Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2022
Building Size 3,194 SF
Lot Size 1.00 Acres (43,559 SF)
Status Under Contract
Lead Broker Information Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN GUARANTEED LEASE WITH SCHEDULED RENTAL INCREASES
» New 15-year absolute NNN corporate lease with scheduled rental increases, providing a hedge against inflation
» Strong corporate guarantee from an investment-grade national tenant (NYSE: “CMG”)
» No landlord management, ideal for passive investors
» Chipotle is ranked fourth on the Fortune 500 “World’s Most Admired Companies” list and has over 2,700 locations
» Features latest Chipotle prototype with drive-thru for added customer convenience

EASILY ACCESSIBLE LOCATION IN HIGHLY POPULATED AND GROWING AREA
» Easily accessible location along Towne Lake Parkway (44,800 AADT)
» Beneficial proximity to Interstate 575 (109,000 AADT), greatly increases visibility and traffic to the location
» 165,198 residents live within a five-mile radius of the property
» Average annual household income of $107,689 within one mile of the site
» Projected 11 percent average annual household income increase within one mile of the
site by 2026, poising Chipotle and Woodstock for significant concurrent growth

CENTRAL LOCATION NEAR LARGE RETAILERS, SCHOOLS, AND COMMUNITY HUBS
» Prominent location next to McDonald’s and immediately surrounded by local and national tenants such as Sam’s Club, Kroger, Sprouts Farmers Market, ALDI, Chick-fil-A, CVS Pharmacy, and many more
» 10 minutes from Kennesaw State University (43,000 students), ranked among National Universities in “2022 Best Colleges” by U.S. News and World Report
» Minutes from several large schools including, Etowah High School (2,450 students), ET Booth Middle School (1,810 students), and Woodstock High School (2,334 students)
» 30 minutes from Atlanta, the most populous city in Georgia (498,715 population), and ninth largest metropolitan area in the United States



Property Description

Chipotle has an easily accessible location along Towne Lake Parkway, with excellent visibility and access to 44,800 vehicles per day. The property experiences increased activity from its proximity and access to Interstate 575 (109,000 AADT). The site is 30 minutes from Atlanta, the most populous city in Georgia (498,715 population). The property is in a densely populated and growing community, with 165,198 residents living within a five-mile radius of the site, (18 percent growth since 2010). The community has an average annual household income of $107,689 within one mile. The average annual household income is projected to increase 11 percent by 2026, poising Chipotle and Woodstock for significant concurrent growth.

The property benefits from its prominent location near large retailers, schools, and community hubs. Kennesaw State University (43,000 students) is a 10-minute drive from the property. The site maintains beneficial proximity to several large schools including, Etowah High School (2,450 students), ET Booth Middle School (1,810 students), and Woodstock High School (2,334 students). The site is centrally located in a well-trafficked retail corridor near several large shopping malls and centers. The property is strategically located next to a McDonald’s and immediately surrounded by local and national tenants such as Sam’s Club, Kroger, Sprouts Farmers Market, ALDI, Chick-fil-A, CVS Pharmacy, and many more.

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