Overview
- Updated On:
- April 30, 2025
Description
IDEAL PASSIVE INVESTMENT ABSOLUTE NNN LEASE
• Rare Absolute NNN Lease with a Corporate Guarantee
• Long-Term Lease | 15-Year Term Featuring 10% Rental Increases Every 5 Years & at Each of the Four, 5 -Year Options
• High-Quality, Brand New 2025 Construction with a “Chipotlane” Drive-Thru
DENSE RETAIL CORRIDOR & STRONG DEMOGRAPHICS
• Outparcel to a High-Performing Shopping Center with Over 1.4 Million Annual Visits (Placer.ai)
• Promenade Plaza is Anchored by Floor & Decor, Ollie’s Bargain Outlet, & Guitar Center
• Excellent Viability Exposure | Ideally Positioned on Eastern Blvd (41,970+ VPD) | Less than 1 Mile f rom I-85
• Less than 1/2 Mile f rom LEAD Academy (380+ Students)
• Located by the Entrance to Central Park Apartments (380+ Units)
• Other National Tenants in the Immediate Surrounding Area Include Chick-Fil-A, KFC, Discount Tire, Dunkin’ Donuts, The Home Depot, Lowe’s, TJ Maxx, Dollar General, City Gear, & More
• High-Growth Area | Population of Nearly 70,000 & Average HHI Over $81,000 within a 3-Mile Radius
HIGH-QUALITY, HIGH-GROWTH INTERNATIONAL TENANT
• Chipotle is One of the Largest Mexican Restaurant Chains in the U.S. | Over 3,700+ Stores
• 2024 Annual Revenue Increased by 14.6% & Exceeded $1 1 .31 Billion | Ranked #399 on the Fortune 500 List
• Average Unit-Level Sales for Chipotle Exceeds $3 Million in the U.S. | I n -Store Sales Up Nearly 20%
• Rapidly Expanding Chain Opening Roughly New Stores in 2025, Including First Locations in Mexico | Long-Term Goal of 7,000 Stores
EDDIE GREENHALGH
Alabama Broker of Record
(250) 510-9200 | License: AL 000088298-0
