3453 Mundy Ml Rd Flowery Branch, GA 30542-2980
Property profile & analytics
3453 Mundy Ml Rd Flowery Branch, GA 30542-2980
- Banks
- 3,205 SF
- 0.60 lot acres
Property ID
US22-1340870
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
- Banks
Property Details for 3453 Mundy Ml Rd
- Year built
- 1990
- Construction
- STEEL FRAME
- Lot size
- 0.60 lot acres
- Property size
- 3,205 SF
- Zone code
- H-B
- Property type
- Banks
- APN
- 08-046 -004-008
- APU
- 8046004008
Description
This exceptional investment opportunity presents a newly constructed (2024), 3,221 square foot Chipotle restaurant situated on a 0.61-acre lot in Flowery Branch, Georgia. The property boasts a prime retail location off I-985 and a high-traffic corridor, benefiting from proximity to major retailers like Publix and Walmart, the University of North Georgia, and Lake Lanier. The 15-year absolute NNN lease (commencing November 1, 2024, and expiring November 30, 2039) includes a corporate guarantee from Chipotle Mexican Grill, Inc., a Fortune 500 company. The lease features 10% rent escalations every five years, ensuring consistent income growth. The current Net Operating Income (NOI) is $155,000, resulting in a 4.85% cap rate. The property's strategic location near schools and growing residential communities provides a strong customer base. The modern design includes a Chipotlane drive-thru, catering to the company's significant digital sales. This low-rent, passive income opportunity is ideal for investors seeking a long-term, secure investment with built-in growth potential. The asking price is $3,200,000. This is a 1031 exchange eligible property.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Flowery Branch
- County
- Hall
- State
- Georgia
- Longitude
- -83.864
- Latitude
- 34.2223
- CBSA code
- 23580
- CBSA name
- GAINESVILLE, 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
$9,974
$158,400
$182,360
$340,760
-
$396,000
$455,900
$851,900
