2098 US Highway 17 - Restaurant FOR SALE


Richmond Hill, GA 31324
$3,491,000 USD
980-498-3293
2098 US Highway 17, Richmond Hill, GA for Sale
$3,491,000 USD
Restaurant - FOR SALE
1/4
null | 5.3% Cap Rate

2098 US Highway 17
Richmond Hill, GA 31324


HIGHLIGHTS

  • CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
  • LOCATED IN AFFLUENT SUB-MARKET OF SAVANNAH, GA
  • STRONG LEASE FUNDAMENTALS

OVERVIEW

STRONG LEASE FUNDAMENTALS - 15 Year Abs. NNN Lease with zero landlord responsibilities - Four (4) five (5) year extensions remaining - 10% Increases every 5 years in base rent and extension periods CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT - Chipotle has a Market Cap of $82B (NYSE: CMG) with over 3,200+ locations across the country - Chipotle opened 304 new restaurants in 2024 with 257 of those locations utilizing a Chipotlane LOW VACANCY TRADE AREA - More than 472K SF of retail space located within a 1-mile radius of the subject site, boasting a 0.2% vacancy rate - Nearby National Retail Tenants Include: Goodwill Retail Store, Kroger, Food Lion, and more LOCATED IN AFFLUENT SUB-MARKET OF SAVANNAH, GA - AHHI exceeds $120K in 1-mile radius, and $100K in 3 & 5 mile radius - The Savannah, GA MSA is the third most populated MSA in Georgia behind only Atlanta and Augusta - From 2010 to 2020 the Savannah, GA MSA was the fastest growing area in all of Georgia RECENT BUILD-TO-SUIT ON BUSY CORRIDOR - The Building has recently been built to suit the tenant’s specifications - Tenant has paid to add the new feature “Chipotlane” drive thru concept with multiple spaces put in for curbside pickup - Positioned off of busy Highway 17 (27.6K VPD) NEARBY THOUSANDS OF STUDENTS - BUILT IN CUSTOMERS - Site is surrounded by eight schools which Include high schools and middle schools - Richmond Hill Primary School is just 1.4 miles away and has 800 students - 1.5 miles from the site is George W. Carver Elementary which has over 700 students - Near Richmond Hill Elementary School which has more than 700 students

FOR SALE DETAILS

PRICE

$3,491,000 USD

PRICE/SF

$1,502 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

CITY

APN/PARCEL ID

053-004-02A

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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