124 Highland Xing S - Fast Food FOR SALE


Ellijay, GA 30540
$3,500,000 USD
510-289-1166
124 Highland Xing S, Ellijay, GA for Sale
$3,500,000 USD
Fast Food - FOR SALE
1/4
null | 5% Cap Rate

124 Highland Xing S
Ellijay, GA 30540


HIGHLIGHTS

  • 15-Year Absolute NNN Corporate Lease to Chipotle (NYSE: CMG)
  • Scheduled 10% Rental Escalations Throughout Primary Term & Options
  • Zero Landlord Responsibilities
  • Renovation Completed in 2024 with Chipotlane Drive-Thru, Outdoor Patio, and Prominent Pylon Signage
  • Limited Competition - Only Chipotle within 40-Mile Radius
  • 8,000 Students within 3.5 Miles

OVERVIEW

The subject property is prominently located with excellent access and visibility on Highland Crossing with frontage and pylon signage on State Route 515 (19,500 AADT). It benefits from a prominent retail location along Ellijay’s primary retail corridor. It is adjacent to Highlands at East Ellijay, anchored by Walmart Supercenter and Lowe’s; as well as Taco Bell, Starbucks, IHOP, Popeyes, Taco Bell, Waffle House, LongHorn Steakhouse, Mountain Cinemas, Springhill Suites and Comfort Inn & Suites. Other nearby retailers include Aldi, CVS, Bealls, Dollar Tree, Ruby Tuesday, Dunkin’, Zaxby’s, Subway, and more. The site is also in close proximity to other major employers and schools. Numerous schools are located within 3.5 miles of the site, driving traffic to the property via students, parents, and teachers; including Dalton State College (5,140 students), Gilmer High School (1,238 students), and Crossroads Alternative School (1,202 students). Piedmont Hospital is located 2.5 miles from the site. The hospital recently completed a $13.6 million 11,000 square-foot expansion, which added a new ICU wing and increased its overall bed count from 62 to 76. 4 miles from the site is Gilmer County Airport, which connects to major airports on the East Coast has an annual economic impact of $1.24 million. Ellijay is a town nestled in the foothills of the Appalachian Mountains, known for its natural beauty and agricultural roots. The county seat of Gilmer County, Ellijay is located approximately 65 miles southeast of Chattanooga and 75 miles north of Atlanta. Called the “Apple Capital of Georgia,” Ellijay has a thriving apple industry. Famous for its apple orchards, Ellijay hosts the annual Georgia Apple Festival over two weekends in October, which draws over 55,000 visitors annually. In addition to its agricultural foundation, Ellijay’s picturesque landscape makes it a popular destination for outdoor enthusiasts, offering activities such as hiking, mountain biking, camping, fishing, and river rafting. It is located in close proximity to the 867,000-acre Chattahoochee-Oconee National Forest, multiple state parks, mountains, numerous rivers, lakes, and waterfalls, and more. Over the years, the town has grown into a haven for retirees and second-home owners. This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.

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

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

-

APN/PARCEL ID

2067-106AM

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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