For Sale
$2,816,000

30 Cmns Way Oxford, AL 36203

High-yield Chipotle, strong lease terms.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 2,300 square foot Chipotle restaurant located at 30 Commons Way, Oxford, AL 36203. The property boasts a prime location at a signalized intersection of I-20 Exit 188 and Leon Smith Pkwy, experiencing a combined 32,937 vehicles per day. This absolute NNN net lease features a corporate guarantee from Chipotle Mexican Grill, Inc., minimizing landlord responsibilities. With a remaining lease term of approximately 11.7 years (expiring 07/30/2036) and 10% rent bumps every five years, this investment offers significant long-term stability and growth potential. The property, built in 2021, sits on a 0.58-acre lot and includes 42 parking spaces. It's part of the Publix-anchored Oxford Commons Shopping Center, benefiting from high traffic and proximity to other major retailers including Target, Home Depot, and Sam's Club. The strong demographics of the area, with an average household income of $87,398 within a one-mile radius, further enhance the investment's appeal. The property's NOI is $138,000, resulting in a 4.90% cap rate and a price per square foot of $1,224.35. The asking price is $2,816,000. This is a rare opportunity to acquire a high-performing, well-located, and secure net lease investment with a nationally recognized tenant.

Highlights

  • High-visibility corner location at I-20 Exit 188 and Leon Smith Pkwy (32,937 VPD).
  • Absolute net lease with zero landlord responsibilities.
  • 11.7 years remaining lease term.
  • Corporate guaranteed lease with Chipotle Mexican Grill, Inc.
  • Outparcel to Publix-anchored Oxford Commons Shopping Center, directly off I-20.
  • 2021 newer construction.

Property Details for 30 Cmns Way

Property type
Retail properties, Restaurants
Square Feet
2,300 SF
Year Built
2021
Buildings
1
Lot Size (sq. ft)
25,265 SF
Units
1

Location Insight

City
Oxford
County
Calhoun
State
Alabama
Latitude
33.6091068
Longitude
-85.7868777

FAQs

What type of property is this?
Retail property - High-yield Chipotle, strong lease terms.
Where is the retail property located?
The property is located at 30 Cmns Way Oxford, AL.
What is the asking price?
The asking price for this property is $2,816,000.
What are key features of this property?
This property features: High-visibility corner location at I-20 Exit 188 and Leon Smith Pkwy (32,937 VPD).; Absolute net lease with zero landlord responsibilities.; 11.7 years remaining lease term.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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30 Cmns Way
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