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400 GOVERNORS DR SW Huntsville AL 35801-5124

APN 22573

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Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Building SqFt 3,152
Lot SqFt 16,509
Acreage ******
Number of Units 1
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code C3
Year Built 2026
Building Count 1
Opportunity Zone Yes
Lease Type ******
Lease Term ******
Remaining Term ******

Property History

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Property Type
Property Type
Retail
Property Subtype
QSR/Fast Food, Restaurant
Asking Details
Asking Price
$4,464,000
Asking Cap Rate
4.8%
Asking NOI
$214,250
Price/Sq Ft
$1,871.7
Marketing Description

» Rare 20-year absolute NNN lease to Chipotle, a globally recognized Mexican restaurant chain with over 4,000 stores worldwide.​

» 10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth.​

» Tenant handles all taxes, insurance, and maintenance, including roof, structure, and parking lot, ideal for both out-of-area or local investors.​

» Chipotle reported total 2025 revenue of $11.9 billion, marking a 5.4% year over year increase, primarily driven by aggressive restaurant expansion.​

» Chipotle's 2026 growth strategy blends rapid physical expansion, digital transformation, and operational automation, offsetting modest same-store traffic challenges.​

Investment Highlights

» High-visibility and easily accessible location along Governors Drive Southwest/U.S. Route 431, which experiences a high traffic count of 48,780 vehicles per day.

» Located directly off of U.S. Route 231, feeding directly to Downtown Huntsville and leading to increased commuter traffic (120,372 AADT).

» Surrounded by the Huntsville Medical Complex, including the Huntsville Hospital Health System

(20,000+ employees).

» Two blocks from downtown Huntsville, and within walking distance of Huntsville High School (1,850 students).

» Less than 3 miles from The University of Alabama in Huntsville (approx. 9,000 students) and Crestwood Medical Center (180 beds; 1,000+ employees).

Property Type
Property Type
Retail, Office, Mixed Use
Property Subtype
Medical Office
Marketing Description
Located on the main boulevard of Huntsville’s Medical District, this 7,825 square foot building will suit all your needs. Located just a couple of blocks from the Huntsville Hospital. Great location with high traffic and good visibility! Zoned C-3. Incredible growth potential from surrounding businesses and services.
Sale Date
******
Sold Price
******
Buyer Borrower 1 Corp Indicator
******
Buyer Borrower 1 Name
******
Buyer Borrower 1 Ownership Rights Code
******
Document Type
******
Resale Flag
******
Sales Price Code
******
Seller 1 Corp Indicator
******
Transaction Type
******
Seller 1 Name
******
Transfer Tax
******
Sold By
******
Sold To
******

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
WC
William Chapman
LIC: AL 000047305
•••.•••.8064
bill@•••••••••••••••••••••••••••••.com
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