1060 Ridgeland PkwyAlpharetta, GA 30004

Property Details for 1060 Ridgeland Pkwy

Lot size

0.83 AC

Zone code

CBD

Property type

Land

Property subtype

Commercial land

APN

042 715

APU

42715

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,325 square-foot Chipotle restaurant in Alpharetta, Georgia. Built in 2024, this Class A property boasts a 15-year absolute NNN lease with a credit-rated, corporate guarantor (Chipotle Mexican Group, Inc.). The lease features a 10% rent increase every five years, providing significant long-term growth potential. Located at 1060 Ridgeland Pkwy, Alpharetta, GA 30004, this strategically positioned property benefits from high visibility and accessibility, situated near major roadways (US Hwy 19 and McFarland Parkway) with combined daily traffic exceeding 165,000 vehicles. The 0.84-acre lot is part of a vibrant retail center, sharing proximity with national brands such as Popeyes, Starbucks, and many more. The property's strong performance is reflected in its current 100% occupancy and a Net Operating Income (NOI) of $170,000, resulting in a 4.50% cap rate. The affluent surrounding area, with average household incomes exceeding $189,000, and projected 8% population growth within a 5-mile radius over the next five years, further enhances the investment's appeal. The lease includes four 5-year renewal options, ensuring a long-term, stable income stream with minimal landlord responsibilities. This is a rare opportunity to acquire a high-quality, passively managed investment with substantial upside potential. Asking price is $3,777,000.

• Alternative Use

  Use

  Valuation

  Residential

  $7,262,618

  Hospitality

  $6,652,519

  Educational

  $5,534,818

  Medical

  $5,725,168

  Retail

  $8,609,716

Location Insight

City

Alpharetta

County

Forsyth

State

Georgia

Latitude

34.1211

Longitude

-84.224

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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