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    Chipotle NNN Lease Investment Opportunity Title is generated by Realmo AI

    3535 US Hwy 280/431, Phenix City, AL 36867

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    For Sale
    $2,927,835

    Brand New 2024 Construction Featuring Chipotle’s Latest “Chipotlane” Prototype Design w/ Drive-Thru

    Property size:
    2,325 SF
    Lot size:
    2.11 Acres
    Price / SF:
    $1,259/SF
    Added:
    Jan 24, 2025
    Days on Market:
    482
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 3535 US Hwy 280/431

    General Information

    Standard status
    Active
    Property type
    Other retail properties, Individual retail properties, Restaurants, Retail properties & Spaces
    Size
    2,325 SF
    Net Rentable
    2,325 SF
    Elevators
    N/A
    Lot size
    2.11 Acres
    Net Operating Income
    $142,000

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    John R Wertz

    Listing agent John

    Listing office

    Listing date Jan 24, 2025

    HighLights

    • Brand New 2024 Construction Featuring Chipotle’s Latest “Chipotlane” Prototype Design w/ Drive‑Thru
    • 15‑Year Absolute NNN Lease with 10% Increases Every 5‑Years (Corporately Guaranteed by Chipotle (NYSE: CMG))
    • Adjacent to Brand New Starbucks, Outback, & Valvoline
    • Excellent Access & Visibility on US Hwy 280 with Traffic Counts Exceeding 38,000 Vehicles Per Day
    • Dense Trade Area with Over 98,000 Residents in 5‑Miles
    • Minutes from Fort Moore United States Army Post, One of the Largest Employers in the State of Georgia Supporting More than 120,000 Active‑Duty Military, Family Members, Reserve Component Soldiers, Retirees and Civilian Employees

    Overview

    This property features a newly constructed Chipotle restaurant with a drive-thru. Located in Phenix City, Alabama, within the Columbus, Georgia MSA, the property has a 15-year absolute NNN lease, corporately guaranteed by Chipotle Mexican Group, Inc. The lease includes a 10% rental increase every five years throughout the primary term and four subsequent five-year option periods. Situated on a 2.11-acre lot within an 11.6-acre development alongside brands such as Starbucks, Outback Steakhouse, and Valvoline, this location benefits from visibility and accessibility on US Hwy 280, which has over 38,000 vehicles daily. The property's location is minutes from downtown Columbus and Fort Moore United States Army post, which supports over 120,000 individuals. The surrounding area is densely populated, with over 98,000 residents within a five-mile radius. The 2,325 square foot building offers a long-term investment. Built in 2024, the Chipotle features their latest "Chipotlane" drive-thru design.
    Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Map

    City
    Phenix City
    County
    Lee
    State
    Alabama
    Longitude
    -85.1147
    Latitude
    32.379

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    FAQs

    What type of property is this?
    Other retail property - Brand New 2024 Construction Featuring Chipotle’s Latest “Chipotlane” Prototype Design w/ Drive-Thru
    Where is this other retail property located?
    The property is located at 3535 US Hwy 280/431 Phenix City, AL.
    What is the asking price?
    The asking price for this property is $2,927,835.
    What are key features of this property?
    This property features: Brand New 2024 Construction Featuring Chipotle’s Latest “Chipotlane” Prototype Design w/ Drive‑Thru; 15‑Year Absolute NNN Lease with 10% Increases Every 5‑Years (Corporately Guaranteed by Chipotle (NYSE: CMG)); Adjacent to Brand New Starbucks, Outback, & Valvoline
    (619) 218-6427
    We can help!
    Listing Contact
    John R Wertz
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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