2909 GA-34 - Retail FOR SALE


Newnan, GA 30265
$4,095,000 USD
404-832-1251
2909 GA-34, Newnan, GA for Sale
$4,095,000 USD
Retail - FOR SALE
1/4
null | 4.75% Cap Rate

2909 GA-34
Newnan, GA 30265


HIGHLIGHTS

  • New Construction Chipotle in the Atlanta MSA
  • Located Across from Strong-Performing Publix ($40M+ Sales) & Kroger ($54M+ Sales) Stores
  • Affluent Atlanta Suburb: $150,000+ Household Incomes
  • Excellent Visibility on Hwy 34 at a Lighted Intersection: 32,900 VPD
  • Chipotle has a Baa1 rating from Moody's which is Considered Investment Grade
  • Disposable Income in the Market: Average Net Worth within 5 Minutes of the Property is $1.75M

OVERVIEW

Franklin Street is pleased to present this new construction NNN Chipotle in Newnan, Georgia. Newnan is a southern suburb of the Atlanta metropolitan, which is home to 6.4M+ residents. The property is located on a corner lot at a lighted intersection along a major retail corridor leading to I-85. Chipotle has a signed a new 15-year corporately guaranteed lease and in the most recent year reported $11B+ in revenue. The location has a drive-thru they call Chipotlanes, which typically see a 10-15% increase in sales compared to traditional locations. Other major traffic generating retailers in proximity include Publix, Kroger, Chick-fil-A, Walgreens, Tractor Supply, Walgreens, Wendy's, Starbucks, Bojangles, and many others.

FOR SALE DETAILS

PRICE

$4,095,000 USD

PRICE/SF

$1,761 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle - Atlanta MSA

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Bryan BelkFranklin StreetMore Info
404-832-1251

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Bryan BelkFranklin StreetMore Info
404-832-1251

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