Restaurant
Chipotle
2399 N Columbia St, Milledgeville, GA 31061
Listing Price: $2,790,000
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.
Listing Price: $2,790,000
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.
