The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Chipotle property located at 1467 Hwy 138 SE in Conyers, Georgia for $1,513,761.
The 2,266 square foot Chipotle has 7 years of lease term remaining on a 15-year NNN Ground Lease. The lease contains 10% rental escalations every 5 years and has four 5-year renewal options.
The property is strategically positioned along Hwy 138 SE (44,300 VPD). It is located only ¼ mile from I-20 (120,000 VPD), which provides direct access to downtown Atlanta 25 miles away.
Retailers nearby include Burlington, Hobby Lobby, Home Depot, Walmart, Floor & Décor, Academy Sports, Goodwill, Kroger, LA Fitness, PetSmart, Starbucks, Chick-fil-A, Taco Bell, McDonald’s, Five Guys, Panera, Outback, Cracker Barrel, Arby’s, KFC, and Bank of America.
The surrounding area features strong demographics, with a population of 92,910 within a 5-mile radius and an average household income of $99,342 within 5 miles.
Randy Blankstein and John Feeney of The Boulder Group represented the both parties in the transaction. The purchaser is a Texas based real estate investment firm and the seller is a North Carolina based real estate development and investment company.
Chipotle Mexican Grill, Inc., often referred to simply as Chipotle, is a prominent American chain of fast-casual restaurants specializing in tacos and Mission-style burritos. Founded in 1993 by Steve Ells in Denver, Colorado, the company has grown significantly, operating approximately 3,500 locations worldwide as of 2024. Chipotle is renowned for its commitment to using high-quality ingredients and promoting food sustainability, evidenced by its “Food with Integrity” philosophy, which emphasizes the use of organic produce, naturally raised meat, and dairy from pasture-raised cows. Headquartered in Newport Beach, California, Chipotle has become a leader in the fast-casual dining sector, distinguished by its customizable menu and efficient service model.
“Major market assets with low rents continue to garner significant investor interest”, said Randy Blankstein, President of The Boulder Group. John Feeney, Vice President of The Boulder Group, added, “Despite the shorter term nature of the lease, the strong demographics and its location within a highly desirable area made this an attractive investment opportunity.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $9 billion of single tenant net lease real estate transactions. From 2013-2023, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago.
More info: www.bouldergroup.com
Media Contact
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Phone: 8478816388
Address:3520 Lake Avenue Suite 203
City: Wilmette
State: Illinois
Country: United States
Website: https://www.bouldergroup.com/NNN-Properties-For-Sale.html