3535 US Hwy 280/431 Phenix City, AL 36867

Property Details for 3535 US Hwy 280/431

Year built

2024

Property type

Retail properties

Description

The subject property is a newly constructed Chipotle drive-thru located in Phenix City, AL (Columbus GA MSA). The brand new 15-year absolute NNN lease is corporately guaranteed by Chipotle Mexican Group, Inc. (NYSE: CMG) and includes 10% rental increases every 5-years in the primary term and in the (4) five-year option periods. This Chipotle is part of a brand new 11.6-acre development which includes a lineup of renowned brands, including Starbucks, Outback Steakhouse, Valvoline, and Peachtree Immediate Care. The site benefits from its excellent visibility and access along US Hwy 280, which boasts over 38,000 vehicles per day. This new Chipotle is located minutes from downtown Columbus and 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 on a daily basis. The site is located in a dense trade area with over 98,000 residents in 5-miles. Other major employers in the Columbus MSA include Aflac (2,900 employees), Synovus (1,235 employees), Kia Motors (2,700 employees), Pratt & Whitney (1,850 employees), St. Francis-Emory Healthcare (1,735 employees), TSYS (2,600 employees), Anthem Blue Cross Blue Shield (1,650 employees), and Piedmont Columbus Regional Healthcare (3,080 employees). Other national retailers in the immediate vicinity include Walmart, Circle K, Zaxby’s, T-Mobile, Aspen Dental, Pep Boys, Dairy Queen, Home Depot, IHOP, Chick-Fil-A, McDonald’s, Verizon, ALDI, Goodwill, Popeyes, Wendy’s, Regions Bank and many more. This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.

Location Insight

City

Phenix City

County

State

Alabama

Longitude

-85.0129509

Latitude

32.495281