421 S Columbia Ave - Restaurant FOR SALE


Rincon, GA 31326
$3,882,353 USD
912-358-1166
421 S Columbia Ave, Rincon, GA for Sale
$3,882,353 USD
Restaurant - FOR SALE
1/6
null | 4.25% Cap Rate

421 S Columbia Ave
Rincon, GA 31326


HIGHLIGHTS

  • +/- 2,392 SF Chipotle w/ Drive-Thru
  • 15-Year Absolute NNN Lease with 10% Increases Every 5-Years
  • Corporately Guaranteed Lease by Chipotle (NYSE: CMG) w/ Over $9.9 Billion in Revenue & Market Cap of $88 Billion
  • Strategically positioned near well-performing tra?c generators (Walmart Supercenter & Kroger Marketplace)

OVERVIEW

The subject property is a +/- 2,392 SF freestanding building formerly occupied by Burger King. Chipotle Mexican Grill has executed a brand new 15-year absolute NNN lease corporately guaranteed by Chipotle Mexican Grill, Inc. (NYSE: CMG) to take the entire building and drive-thru. The lease includes 10% rental increases every 5-years in the primary term and in the (4) 5-year option periods. Located on South Columbia Avenue (Highway 21) this +/- 1.0 acre parcel sits in the heart of Rincon’s retail corridor and shadows well-performing retailers (Walmart Supercenter, Kroger Marketplace, and Lowe’s Home Improvement) and QSRs (Starbucks, Chick-fil-a, McDonald’s, Arby’s, KFC, Taco Bell, and Popeye’s). This site has excellent visibility and access from South Columbia Avenue (29,400 Vehicles Per Day) and shares a rear access drive which connects to the lighted intersection of Fort Howard Road and South Columbia Avenue. This is an excellent opportunity for an investor to purchase a stable, long term, corporately guaranteed investment with zero landlord responsibility.

FOR SALE DETAILS

PRICE

$3,882,353 USD

PRICE/SF

$1,623 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle | Savannah MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

GC

APN/PARCEL ID

R2120004A01

ASK ABOUT THIS PROPERTY

Jacob LangLang Real Estate ServicesMore Info
912-358-1166

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Jacob LangLang Real Estate ServicesMore Info
912-358-1166

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