30 Commons WayOxford, AL 36203

Property Details for 30 Commons Way

Year built

2021

Lot size

0.58 AC

Property size (Sq ft)

2,300 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Oxford

County

Calhoun

State

Alabama

Latitude

33.6091

Longitude

-85.7869

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