1121 Heights Pky - Retail FOR SALE


Canton, GA 30115
$3,200,000 USD
415-690-5522
1121 Heights Pky, Canton, GA for Sale
$3,200,000 USD
Retail - FOR SALE
1/5
null | 5% Cap Rate

1121 Heights Pky
Canton, GA 30115


HIGHLIGHTS

  • New 15-year absolute NNN lease to Chipotle, a globally recognized Mexican restaurant chain with over 3,800 stores worldwide.
  • 10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth.
  • Tenant handles all taxes, insurance, and maintenance, including roof, structure, and parking lot, ideal for both out-of-area or local investors.
  • Chipotle is ranked on the Fortune 500 and is recognized on the 2024 list for Fortune’s Most Admired Companies.
  • Chipotle experienced strong growth in 2024, including a 14.6% increase in total revenue to $11.3 billion and a 7.4% increase in comparable restaurant
  • The company plans to open 315-345 new restaurants in 2025, with over 80% featuring “Chipotlane” drive-thrus.

OVERVIEW

The site benefits from a prime drive-thru Chipotle location with immediate access to Interstate 575, capturing substantial local and commuter traffic with approximately 93,100 AADT. The tenancy is supported by Chipotle’s strong operating performance, including 2024 total revenue growth of 14.6% to $11.3 billion and a 7.4% increase in comparable restaurant sales. The surrounding demographic base is robust, with a five-mile population of 144,414 and an average annual household income of $132,061. The property is positioned within a retail power center anchored by a mix of national and regional tenants such as The Home Depot, Kroger, Zaxby’s, Wendy’s, Taco Bell, Pep Boys, and Dairy Queen. The location also serves as a gateway to Downtown Atlanta, a major tourism and hospitality hub generating more than $20 billion annually. The market is expected to continue strengthening, with projected population and income growth across the 1-, 3-, and 5-mile radii over the next five years, supporting long-term demand and stability.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$1,376 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

015N15-00000-065-000-0000,015N15-00000-066-000-0000

ASK ABOUT THIS PROPERTY

Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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