3453 Mundy Ml Rd Flowery Branch, GA 30542-2980

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.