421 S Columbia Ave - Restaurant FOR SALE


Rincon, GA 31326
$3,200,000 USD
843-608-9585
421 S Columbia Ave, Rincon, GA for Sale
$3,200,000 USD
Restaurant - FOR SALE
1/8
null | 5.16% Cap Rate

421 S Columbia Ave
Rincon, GA 31326


HIGHLIGHTS

  • Newly constructed, freestanding Chipotle +/- 2,392 SF with "Chipotlane" drive-thru.
  • 15-Year Absolute NNN Lease (No Landlord Responsibilities) with 10% Increases Every 5-Years.
  • Corporate Guaranty from Chipotle Mexican Grill, Inc (NYSE: CMG), one of the nation's leading fast casual restaurant brands.
  • Situated in Rincon, GA, one of the fastest-growing communities in the Savannah MSA area.
  • Frontage on High-Traffic S. Columbia Avenue with 35,000+ VPD near high-performing traffic generator anchors - Walmart, Kroger and Lowe's

OVERVIEW

Newly constructed Chipotle Mexican Grill drive-thru location situated in the growing city of Rincon, GA – part of the thriving Savannah, GA MSA. This premier single-tenant asset features a 15-year absolute triple-net (NNN) lease. The lease is corporately guaranteed by Chipotle Mexican Grill, Inc. (NYSE: CMG), one of the nation's leading fast- casual restaurant brands with a strong credit profile and over 3,000 locations nationwide. Built in 2024, this location includes a high-demand “Chipotlane” drive-thru for mobile pickup, catering to today’s convenience-driven consumer. The lease agreement provides 10% rental escalations every 5 years throughout the primary term and during each of the four 5-year renewal options, ensuring long-term income growth and inflation protection. Located in a high-visibility, high-traffic retail corridor with strong demographics and continued residential and commercial expansion, this asset presents an exceptional long-term investment opportunity in a rapidly growing Southeast market.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$1,338 USD /SF

CAP RATE

5.16%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

GC

APN/PARCEL ID

R2120-00000-004-A01

ASK ABOUT THIS PROPERTY

Amanda ReevesSkyline Seven Real EstateMore Info
843-608-9585

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Amanda ReevesSkyline Seven Real EstateMore Info
843-608-9585

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