Current Use by Public Records
- Retail properties & Spaces
Property Details for 30 Commons Way
- Year built
- 2021
- Lot size
- 0.58 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 2,300 square foot Chipotle restaurant located at 30 Commons Way, Oxford, AL 36203. The property boasts a prime location at a signalized intersection of I-20 Exit 188 and Leon Smith Pkwy, experiencing a combined 32,937 vehicles per day. This absolute NNN net lease features a corporate guarantee from Chipotle Mexican Grill, Inc., minimizing landlord responsibilities. With a remaining lease term of approximately 11.7 years (expiring 07/30/2036) and 10% rent bumps every five years, this investment offers significant long-term stability and growth potential. The property, built in 2021, sits on a 0.58-acre lot and includes 42 parking spaces. It's part of the Publix-anchored Oxford Commons Shopping Center, benefiting from high traffic and proximity to other major retailers including Target, Home Depot, and Sam's Club. The strong demographics of the area, with an average household income of $87,398 within a one-mile radius, further enhance the investment's appeal. The property's NOI is $138,000, resulting in a 4.90% cap rate and a price per square foot of $1,224.35. The asking price is $2,816,000. This is a rare opportunity to acquire a high-performing, well-located, and secure net lease investment with a nationally recognized tenant.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oxford
- County
- Calhoun
- State
- Alabama
- Longitude
- -85.7869
- Latitude
- 33.6091
