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642 Thornton RdLithia Springs, GA 30122
Chipotle | Lithia Springs, GA | 5.00% Cap
Asset ClassRetail
Cap Rate5%
Chipotle | Lithia Springs, GA | 5.00% Cap
overview of deal

Overview

Property: Chipotle

Location: 642 Thornton Road, Lithia Springs, GA 30122

Building Size (GLA): ± 2,336 SF

Land Size: ± 1.27 Acres

Tenant/Guarantor: Chipotle (Corporate)

Lease Type: Absolute NNN - 15-Year Lease

Rent Commencement: 12/15/2022

Early Termination: None

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Investment Highlights

Favorable Lease Structure (15-Year NNN Lease)

  • Absolute NNN | 10% rent increase every 5 years in the initial term and option periods | Four (4), 5-year options to extend

Atlanta MSA

  • Lithia Springs is located within the Atlanta MSA | 5.79 Million Residents | 18 Miles Away From Atlanta's CBD

Corporate Guarantyfrom Investment Grade Tenant

  • Chipotle has a Market Cap of $38B (NYSE: CMG) with over 3,000+ locations across the country | Approximately 250 new locations in 2022

Excellent Visibility With Large Traffic Counts

  • Over 38,000 ADT (Thornton Road), with premium road frontage (237 feet)

Chipotlane and Freestanding Location

  • The property features a drive-thru, which studies have shown can increase restaurant sales by as much as 8%

Nearby Interstate Access

  • 1.5 Miles from Interstate 20 - Over 105,000 ADT | Main highway used to commute into the Atlanta City Center

Concentrated Retail Corridor

  • Located in a dense retail trade area with national chains such as Kroger, Office Depot, Sonic, Walgreens, and many others

Steady Population Growth

  • The 3-mile radius surrounding this Chipotle location has a projected population growth of 6% over the next five years
642 Thornton RdLithia Springs, GA 30122

Sales Team

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Listing provided by Revere CRE