124 Highland Xing S - Fast Food FOR SALE


Ellijay, GA 30540
$3,500,000 USD
415-690-5522
124 Highland Xing S, Ellijay, GA for Sale
$3,500,000 USD
Fast Food - FOR SALE
1/6
null | 5% Cap Rate

124 Highland Xing S
Ellijay, GA 30540


HIGHLIGHTS

  • New corporate 15-year absolute NNN Lease to Chipotle Mexican Grill, a strong investment grade tenant
  • 10% rental increases every five (5) years in initial term and option periods, providing a passive long-term income generator
  • Chipotle is ranked on the Fortune 500 and is recognized on the 2024 list for Fortune’s Most Admired Companies and the Time Magazine’s Most Influential
  • Chipotle is the only restaurant company of its size that owns and operates all of its locations

OVERVIEW

Prime location along State Route 515 with exposure to 19,000+ vehicles per day, offering excellent visibility and easy access. Close proximity to major traffic generators, including local apple orchards, popular hiking trails, and downtown Ellijay, attracting both locals and tourists year-round. Positioned near high-traffic retail centers and local attractions, ensuring a steady flow of customers from both residents and visitors. Convenient access to Atlanta’s weekend visitors, just 80 miles south, making it a key stop for travelers exploring North Georgia’s recreational areas. Strong local population base with 18,150 residents living within a five-mile radius, providing consistent customer traffic.Affluent customer demographic with an average household income of $91,618 within one mile, projected to grow by 12% by 2029. Rapidly growing income levels in the immediate area, driving increased consumer spending and potential business growth. Positioned for long-term success with access to a stable and expanding local population and high-income households.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$1,750 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

87.61 AC

LAND SF

3,816,292 SF

ZONING

C2

APN/PARCEL ID

2067-106AM

ASK ABOUT THIS PROPERTY

Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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Vincent AicaleCushman & WakefieldMore Info
415-690-5522

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.