4354 Goodman Rd - Fast Food FOR SALE


Horn Lake, MS 38637
$3,660,000 USD
415-852-5177
4354 Goodman Rd, Horn Lake, MS for Sale
$3,660,000 USD
Fast Food - FOR SALE
1/8
null | 5% Cap Rate

4354 Goodman Rd
Horn Lake, MS 38637


HIGHLIGHTS

  • Corporately-backed 15-year absolute NNN Chipotle with 10% rental increases every five years
  • Chipotle’s operational control over all 3,700+ locations and $11 billion in 2024 revenue highlight its stability and growth potential.i
  • 10% rental increases every five years across the initial term and four (4) five-year options ensure consistent income growth
  • Tenant handles all taxes, insurance, and maintenance, including roof, structure, and parking lot, offering zero landlord responsibilities.

OVERVIEW

Located on Goodman Rd with 28,000 AADT, this Walmart outparcel thrives in Horn Lake’s retail core. Surrounded by Lowe’s, Dollar Tree, and Starbucks, it draws from a five-mile population of 96,152. Proximity to Horn Lake Intermediate School (1,100+ students) ensures consistent family traffic. Chipotle’s 15-year absolute NNN lease, starting ± August 1, 2025, shifts all taxes, insurance, maintenance, roof, structure, and parking lot costs to the tenant. With 10% rent increases every five years, the lease offers predictable growth through 2040 and four (4) five-year options. Chipotle Mexican Grill, Inc.’s corporate guaranty enhances investment security Within three miles, 55.6% of 29,083 adults used take-out/drive-thru services in the past six months, reflecting strong demand for Chipotle’s model. The five-mile population of 96,152, with a 2.59 average household size, aligns with the brand’s broad appeal. Projected three-mile median income growth of 17.4% by 2029 supports sustained dining activity. Constructed in 2025, the 2,325 SF facility features Chipotle’s advanced design, including a Chipotlane drive-thru for high-volume service. The 1.32-acre parcel optimizes parking and access while minimizing upkeep. The three-mile radius boasts an average household income of $83,317, projected to reach $96,635 by 2029, outpacing state trends. Within one mile, the population of 6,893 has a median household income of $56,439, expected to grow 16.9% by 2029. This wealth drives Chipotle’s customer base. Positioned 10 miles from downtown Memphis, the site leverages Goodman Rd’s connectivity and proximity to I-55 (1.5 miles). Baptist Memorial Hospital-DeSoto (0.8 miles) and a retail corridor with Wendy’s and AutoZone amplify traffic. The location’s cross-border Memphis appeal enhances its investment value.

FOR SALE DETAILS

PRICE

$3,660,000 USD

PRICE/SF

$1,574 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

-

APN/PARCEL ID

1089290000000107

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-852-5177

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Michael YurasCushman & WakefieldMore Info
415-852-5177

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