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Chipotle 2098 US Highway 17 2,325 SF Retail Building Richmond Hill, GA 31324 $4,782,422 CAD ($2,056.96 CAD/SF) 5.40% Cap Rate

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INVESTMENT HIGHLIGHTS

CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
STRONG LEASE FUNDAMENTALS

LOCATED IN AFFLUENT SUB-MARKET OF SAVANNAH, GA

EXECUTIVE SUMMARY

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

Richmond Hill, GA_Chipotle_5.40%

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

2,325 SF

Building Class

Year Built

2024

Price

$4,782,422 CAD

Price Per SF

$2,056.96 CAD

Cap Rate

5.40%

NOI

$258,245 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.07

Lot Size

0.77 AC

Zoning

CITY

Parking

34 Spaces (14.62 Spaces per 1,000 SF Leased)

Drive Thru

MAJOR TENANTS

Accommodation and Food Services
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Chipotle was born of the radical belief that there is a connection between how food is raised and prepared, and how it tastes. Real is better. "Better for You, Better for People, Better for The Planet". It may be the hard way to do things, but it’s the right way. One of the first national restaurant brands to commit to goals on local and organic produce. First national restaurant brand to commit to using only responsibly raised meat with some of the highest animal welfare standards.