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Restaurant

Chipotle w/ Drive-Thru | Atlanta MSA | Long Term Absolute NNN Ground Lease | Pad to Home Depot

3359 Cobb Pkwy NW, Acworth (Atlanta MSA), GA 30101

Listing Price: $3,780,822

Cap Rate
3.65%
Tenant Name
Chipotle
Years Remaining On Lease
14.7
Gross SF
2,325
Guarantor
Corporate Guarantee
Rentable SF
2,325
Price/Gross SF
$1,626.16
Lease Type
NNN Ground Lease
Rent Per Square Feet
$59.35

Investment Overview

Acworth is a city in Cobb County, Georgia, and is part of the Atlanta metropolitan area. Acworth is located in the foothills of the North Georgia mountains along the southeastern banks of Lake Acworth and Lake Allatoona on the Etowah River. Unincorporated areas known as Acworth extend into Bartow, Cherokee and Paulding counties. Metro Atlanta, designated by the United States Office of Management and Budget as the Atlanta–Sandy Springs–Alpharetta, GA Metropolitan Statistical Area, is the most populous metro area in the US state of Georgia and the ninth-largest metropolitan statistical area (MSA) in the United States. Its economic, cultural and demographic center is Atlanta, and has a total population of 6,089,815 according to the 2020 census. The metro area forms the core of a broader trading area, the Atlanta–Athens-Clarke–Sandy Springs Combined Statistical Area. The Combined Statistical Area spans up to 39 counties in north Georgia and has a total 2020 census population of 6,930,423. Atlanta is considered a “beta(+) world city.” It is the third-largest metropolitan region in the Census Bureau’s Southeast region behind Greater Washington and Greater Miami.

Investment Highlights

  • Long Term Corporate Absolute Net Ground Lease Featuring 10% Increases Every 5 Years throughout the Initial Term and Options. This Site also Features a Drive-Thru.
  • Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner Location - Features Excellent Visibility & Easy Access with Daily Traffic Counts Exceeding 31k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $112k within a 1-Mile Radius and over 129k People Residing within a 5-Mile Radius.
  • Pad Site to The Home Depot and Across from Super Target. Near Numerous other National Retailers including Kroger, Walmart Supercenter, Best Buy, Lowe's, Kohl's, Hibbet Sports, Petco, Michaels and many more.
  • Minutes from Cobb County International Airport - 3rd most Trafficked Airport in the State with 173k+ Aircraft Operations and an Economic Impact of more than $47M to the Local Economy Annually.
  • In Close Proximity to Kennesaw State University - 3rd-Largest Public Research University in the State with nearly 43k Students Currently Enrolled.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Restaurant

Chipotle w/ Drive-Thru | Atlanta MSA | Long Term Absolute NNN Ground Lease | Pad to Home Depot

Listing Price: $3,780,822

Cap Rate
3.65%
Tenant Name
Chipotle
Years Remaining On Lease
14.7
Gross SF
2,325
Guarantor
Corporate Guarantee
Rentable SF
2,325
Price/Gross SF
$1,626.16
Lease Type
NNN Ground Lease
Rent Per Square Feet
$59.35

Investment Highlights

  • Long Term Corporate Absolute Net Ground Lease Featuring 10% Increases Every 5 Years throughout the Initial Term and Options. This Site also Features a Drive-Thru.
  • Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner Location - Features Excellent Visibility & Easy Access with Daily Traffic Counts Exceeding 31k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $112k within a 1-Mile Radius and over 129k People Residing within a 5-Mile Radius.
  • Pad Site to The Home Depot and Across from Super Target. Near Numerous other National Retailers including Kroger, Walmart Supercenter, Best Buy, Lowe's, Kohl's, Hibbet Sports, Petco, Michaels and many more.
  • Minutes from Cobb County International Airport - 3rd most Trafficked Airport in the State with 173k+ Aircraft Operations and an Economic Impact of more than $47M to the Local Economy Annually.
  • In Close Proximity to Kennesaw State University - 3rd-Largest Public Research University in the State with nearly 43k Students Currently Enrolled.

Investment Overview

Acworth is a city in Cobb County, Georgia, and is part of the Atlanta metropolitan area. Acworth is located in the foothills of the North Georgia mountains along the southeastern banks of Lake Acworth and Lake Allatoona on the Etowah River. Unincorporated areas known as Acworth extend into Bartow, Cherokee and Paulding counties. Metro Atlanta, designated by the United States Office of Management and Budget as the Atlanta–Sandy Springs–Alpharetta, GA Metropolitan Statistical Area, is the most populous metro area in the US state of Georgia and the ninth-largest metropolitan statistical area (MSA) in the United States. Its economic, cultural and demographic center is Atlanta, and has a total population of 6,089,815 according to the 2020 census. The metro area forms the core of a broader trading area, the Atlanta–Athens-Clarke–Sandy Springs Combined Statistical Area. The Combined Statistical Area spans up to 39 counties in north Georgia and has a total 2020 census population of 6,930,423. Atlanta is considered a “beta(+) world city.” It is the third-largest metropolitan region in the Census Bureau’s Southeast region behind Greater Washington and Greater Miami.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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