Chipotle Absolute NNN
For Sale
Contact for pricing
400 Governors Dr SW, Huntsville, AL 35801
Newly built restaurant property leased under an absolute NNN structure with scheduled rent increases during the lease term.
Property Size2,385 SF
Price / SF$1,948
Days on Market158
Property Features for 400 Governors Dr SW
General Information
Standard status
Active
Size
2,385 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$214,250
Building Details
Year Built
2026
Tenancy
Single
Listing Agency:
Cushman & Wakefield - Sacramento, California
Listed By:
Scott Crowle · License #CA 01318288
Source:
Crexi
Added: Mar 27
Changed: Aug 30
Last Checked: Aug 30 at 5:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - Sacramento, California
Investment Insights
Based on property information with market context.
This 2,385-square-foot restaurant property at 400 Governors Dr SW in Huntsville, Alabama, was built in 2026 and is leased to Chipotle. The lease is structured as absolute NNN with a 20-year initial term, placing responsibility for taxes, insurance, and maintenance—including the roof, structure, and parking lot—with the tenant.
Contractual rent increases of 10% occur every five years during the initial term and option periods. The property is positioned in downtown Huntsville and offers a single-tenant restaurant format supported by a nationally established operator.
Contractual rent increases of 10% occur every five years during the initial term and option periods. The property is positioned in downtown Huntsville and offers a single-tenant restaurant format supported by a nationally established operator.
Key Highlights
- 2,385‑square‑foot restaurant property built in 2026
- Leased to Chipotle at 400 Governors Dr SW, Huntsville, AL 35801
- 20‑year absolute NNN lease
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,277
Businesses Nearby
215k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 16%
Groceries 16%
Hotels & Casinos 11%
Chick-fil-A
Dining
45,809 visits/mo
0.1 miles
Publix
Groceries
33,439 visits/mo
0.2 miles
Starbucks
Dining
19,708 visits/mo
0.1 miles
Embassy Suites By Hilton Huntsville
Hotels & Casinos
16,515 visits/mo
0.5 miles
Taco Bell
Dining
14,484 visits/mo
0.3 miles
Demographics for 35801, AL
22,539
Population
11,225
Households
2
Avg Household Size
43
Median Age
55%
College-Educated
90%
High-School Grad
13.8 sq mi
ZIP Area
1,633
Density / Sq Mi
$103,125
Median Household Income
$60,370
Median Earnings
$1,130
Median Rent
$399,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Newly built restaurant property leased under an absolute NNN structure with scheduled rent increases during the lease term.
Where is this nnn property located?
The property is located at 400 Governors Dr SW Huntsville, AL.
What is the asking price?
The asking price for this property is $4,647,505.
What are key features of this property?
This property features: 2,385‑square‑foot restaurant property built in 2026; Leased to Chipotle at 400 Governors Dr SW, Huntsville, AL 35801; 20‑year absolute NNN lease
