DEALS

Deals

Chipotle – North Augusta, SC

Opportunity to purchase a new construction Single Tenant Net Leased Chipotle in North Augusta, SC (Augusta, GA MSA). Corporate Guarantee with long term 10 year lease with 10% bumps every 5 years. Outparcel to one of the top performing Publix Supermarkets in the Augusta MSA.

INVESTMENT DETAILS
  • Price: $1,425,926
  • Cap Rate: 5.41%
  • Term: 10 Years
  • Escalations: 10% every 5 years
  • Lease Structure: NN
PROPERTY HIGHLIGHTS
  • Credit Corporate Guarantee with long term 10 year Lease
  • Chipotle (NYSE:CMG) has a revenue of $4.85 billion
  • Strong 10% Rental Increases every 5 years through the primary term and option periods
  • New construction, building was completed the end of 2017
  • Outparcel to recently redeveloped Publix Anchored Shopping Center
  • Strong barriers of entry to the market
  • One of the top performing Publix Supermarkets in the Augusta, GA MSA
  • Located at the primary intersection (Hwy 25 and E Martintown Rd) in the North Augusta Market
  • High traffic counts in excess of 36,000 cars daily
  • Tenants that located to the shopping center within the past 24 months following the redevelopment include PetSmart, Ross, Burkes Outlet, and Rack Room Shoes
  • Location offers strong local trade, high traffic and visibility as well as excellent ingress and egress