4194 Jiles Rd Kennesaw, GA 30144

This exceptional investment opportunity presents a fee-simple interest in a brand-new, 2,348 square foot Chipotle restaurant located at 4194 Jiles Rd, Kennesaw, GA 30144. Opened August 19th, 2024, this single-tenant property boasts a 15-year absolute NNN lease with a corporate guarantee from Chipotle Mexican Grill, Inc. The lease features 10% rent bumps every five years, providing significant long-term income growth. The property's strategic location on Jiles Road (28,100 VPD) offers excellent visibility and proximity to Interstate 75 (Exit 273, 137,000 VPD), ensuring high traffic volume. The property also includes a drive-thru "Chipotlane," enhancing convenience and sales potential. The surrounding area demonstrates strong demographics, with a 5-mile radius boasting over 188,000 people and an average household income exceeding $111,000. Further growth is anticipated with the addition of approximately 900 residential units at the nearby East Park Village development. Kennesaw State University, with over 45,000 students, is less than two miles away. The property's strong location within the Atlanta MSA (6th largest in the US) contributes to its exceptional investment potential. The current NOI is $175,003, resulting in a 5.00% cap rate. The asking price is $3,500,000 ($1,490.63/sq ft). The lease includes four (4) five (5) year renewal options, extending the lease term to 2039. This is a rare opportunity to acquire a high-performing, passively managed asset with a blue-chip tenant in a rapidly growing market. The 1.17-acre lot and single-story building are well-suited for this thriving business.