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Restaurant

Chipotle

2399 N Columbia St, Milledgeville, GA 31061

Listing Price: $2,790,000

Cap Rate
4.25%
Tenant Name
Chipotle
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
2,325
Lease Type
Double Net
Rent Per Square Feet
$51.00

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Chipotle located at 2399 North Columbia St. in Milledgeville, GA. The property was constructed in 2015 and consists of approximately 2,200 rentable square feet and sits on 1.09 acres of land. Chipotle signed a 10-year Double-Net (NN) beginning upon store opening in July, 2022. The annual rent is $118,575 and will continue to increase by ten percent every five years. The increases will continue throughout the four, five-year tenant renewal option periods.

Investment Highlights

  • 10YearTerm on a Double-Net (NN) Lease Commencing Upon Store Opening
  • Brand New Construction with a Drive Thru –Store Opening in July 2022
  • Chipotle CorporateGuaranty|2,966Locations with More than $6BillionofRevenue

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Listing Price: $2,790,000

Cap Rate
4.25%
Tenant Name
Chipotle
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
2,325
Lease Type
Double Net
Rent Per Square Feet
$51.00

Investment Highlights

  • 10YearTerm on a Double-Net (NN) Lease Commencing Upon Store Opening
  • Brand New Construction with a Drive Thru –Store Opening in July 2022
  • Chipotle CorporateGuaranty|2,966Locations with More than $6BillionofRevenue

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Chipotle located at 2399 North Columbia St. in Milledgeville, GA. The property was constructed in 2015 and consists of approximately 2,200 rentable square feet and sits on 1.09 acres of land. Chipotle signed a 10-year Double-Net (NN) beginning upon store opening in July, 2022. The annual rent is $118,575 and will continue to increase by ten percent every five years. The increases will continue throughout the four, five-year tenant renewal option periods.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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