Chipotle NNN Property For Sale — Decatur, GA
2472 Wesley Chapel Road, Decatur, GA 30035
This offering presents a newly constructed, drive-thru enabled Chipotle property in Decatur (Atlanta), GA. The investment features a brand new 15-year absolute NNN lease, corporately guaranteed by Chipotle Mexican Group, Inc. (NYSE: CMG). The lease includes attractive 10% rental increases every 5 years throughout the primary term and during the four 5-year option periods. The property boasts a strategic location at a signalized intersection, benefiting from high traffic counts with convenient access off I-20 (205,000 VPD) at Wesley Chapel Road and Snapfinger Woods Drive (52,000 VPD). The surrounding area is densely populated with over 225,000 residents within a 5-mile radius, and Decatur is experiencing significant growth, projected to increase by 6.0% over the next five years. Nearby nat…
- Address: 2472 Wesley Chapel Road, Decatur, GA 30035
- Asking price $3.71M
- 3.85% cap rate
- NOI $142,871
- 10.1 years remaining
- NNN lease
- Year built: 2021
- Building size: 2,330 SF
- Lot size: 0.92 acres
- Lease expiration: Oct 14, 2036
- Rent increases: Years 1-5: $142,871.00; Years 6-10: $157,158.10; Years 11-15: $172,873.91; Years 16-20 (Option 1): $190,161.31; …
- Guarantor: Corporate
Location
This Chipotle property is at 2472 Wesley Chapel Road in Decatur, Georgia.
Asset type: Quick Service Restaurant