2098 US Highway 17 - Restaurant FOR SALE


Richmond Hill, GA 31324
$3,700,000 USD
415-481-0788
2098 US Highway 17, Richmond Hill, GA for Sale
$3,700,000 USD
Restaurant - FOR SALE
1/6
null | 5% Cap Rate

2098 US Highway 17
Richmond Hill, GA 31324


HIGHLIGHTS

  • New 15-year absolute NNN lease to a major national QSR tenant
  • 10% rental increases every five (5) years in initial term and option periods, providing a passive long-term income generator
  • No landlord management, an ideal opportunity for passive investors
  • Chipotle is the only restaurant company of its size that owns and operates all its restaurants
  • Chipotle is ranked on the Fortune 500 and is recognized on the 2024 list for Fortune’s Most Admired Companies

OVERVIEW

This Chipotle is prominently positioned along Highway 17, which sees more than 25,000 vehicles per day. The property resides less than three miles from the entry to The Ford Field & River Club, a premier residential and sporting community sprawling 1,800 acres and comprising 400 residences and homesites. This Chipotle will be the first location in the area (with the next closest location more than 10 miles away), a welcome new amenity for the city’s residents. The site greatly benefits from its proximity to major national retailers such as Kroger, Food Lion, Walgreens, CVS Pharmacy, ACE Hardware, Starbucks, Dollar Tree, Family Dollar, Dollar General, AutoZone, and Anytime Fitness. Nearly 32,838 residents live within a five-mile radius of the subject property, while the average annual household income within a one-mile radius is over $120,000. Projected population and income increase within 1-, 3-, and 5-mile radii over the next five years poise Chipotle and Richmond Hill for steady concurrent growth. Richmond Hill is a common gateway to Savannah, the fifth-most populous city in Georgia with a metro area population of 404,798.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$1,591 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle | Savannah, GA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

CITY

APN/PARCEL ID

053-004-02A

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-481-0788

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

Michael YurasCushman & WakefieldMore Info
415-481-0788

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