1761 Memorial Drive
Waycross, GA 31501
Chipotle
| Offering Summary | |||
|---|---|---|---|
| Price | $2,770,183 | Cap Rate | 4.90% |
| NOI | $135,739.00 | Rentable SF | 2,325 SF |
| Lot Size | 22,651 +/- SF | Year Built | 2023 |
| Lease Type | Absolute NNN | Lease Term | 15 Years |
Investment Highlights
- Brand New 2023 High-Quality Construction Featuring Chipotle’s
Latest “Chipotlane” Prototype Design w/ Drive-Thru - 15-Year Absolute NNN Lease w/ 10% Increases Every 5-Years in
Primary Term and Options (Zero Landlord Responsibilities) - Located at Busy Signalized Intersection Directly in Front of Holiday
Inn Express and Quality Inn & Suites - Excellent Visibility and Access along Memorial Drive & S Georgia
Parkway E, which Boast Over 40,000 Vehicles Per Day - Corporately Guaranteed Lease by Chipotle (NYSE: CMG) w/ Over
$7.5 Billion in Revenue & Market Cap of $42.05 Billion - Positioned in Dense Retail Trade Area 2-miles East of Coastal
Pines Technical College (6,500 Students)
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For More Information, Please Contact:
John R Wertz
Managing Principal
(619) 218-6427
jwertz@wertzrealestate.com