1060 Ridgeland Pkwy Alpharetta, GA 30004-8416
Property profile & analytics
1060 Ridgeland Pkwy Alpharetta, GA 30004-8416
- Commercial land
- 0.83 lot acres
Property ID
US22-2025999
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 1060 Ridgeland Pkwy
- Lot size
- 0.83 lot acres
- Zone code
- CBD
- Property type
- Commercial land
- APN
- 042 715
- APU
- 42715
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,325 square-foot Chipotle restaurant in Alpharetta, Georgia. Built in 2024, this Class A property boasts a 15-year absolute NNN lease with a credit-rated, corporate guarantor (Chipotle Mexican Group, Inc.). The lease features a 10% rent increase every five years, providing significant long-term growth potential. Located at 1060 Ridgeland Pkwy, Alpharetta, GA 30004, this strategically positioned property benefits from high visibility and accessibility, situated near major roadways (US Hwy 19 and McFarland Parkway) with combined daily traffic exceeding 165,000 vehicles. The 0.84-acre lot is part of a vibrant retail center, sharing proximity with national brands such as Popeyes, Starbucks, and many more. The property's strong performance is reflected in its current 100% occupancy and a Net Operating Income (NOI) of $170,000, resulting in a 4.50% cap rate. The affluent surrounding area, with average household incomes exceeding $189,000, and projected 8% population growth within a 5-mile radius over the next five years, further enhances the investment's appeal. The lease includes four 5-year renewal options, ensuring a long-term, stable income stream with minimal landlord responsibilities. This is a rare opportunity to acquire a high-quality, passively managed investment with substantial upside potential. Asking price is $3,777,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,580,000
- ML approach
- $3,580,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Alpharetta
- County
- Forsyth
- State
- Georgia
- Longitude
- -84.224
- Latitude
- 34.1211
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$7,124
$290,500
$0.00
$290,500
-
$726,250
$0.00
$726,250
