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31349324
32294172

400 Governors Dr SW, Huntsville, AL 35801

SC
CA 01318288
Cushman & Wakefield - Sacramento, California
MY
CA 01823291
Cushman & Wakefield - Sacramento, California
JH
CA 02059267
Cushman & Wakefield - Sacramento, California
Listed by Cushman & Wakefield - Sacramento, California
$4,464,000
69 days on market
Updated 14 days ago
Opportunity zone

New Chipotle | 20-Yr Corp Guaranty | Huntsville Hospital

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,385
Cap Rate 4.8%
NOI $214,250
Occupancy 100%
Tenancy Single
Brand/Tenant Chipotle
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 06/30/2046
Remaining Term 20.1
Rent Bumps Yes
Lease Options 4, 5-Year Options
Price per SqFt $1,872
Broker Co-Op Yes
Year Built 2026
Acreage 0.380
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/16/2026
Ground Lease No
Sale Condition 1031 exchange

20-Yr Abs NNN | 10% Bumps | Next to 1000+ Bed Hospital Complex

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).

Listing Contacts

SC
CA 01318288
Cushman & Wakefield - Sacramento, California
MY
CA 01823291
Cushman & Wakefield - Sacramento, California
JH
CA 02059267
Cushman & Wakefield - Sacramento, California
Listed by Cushman & Wakefield - Sacramento, California

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$214,250.00
$17,854.17/mo

Valuation Metrics

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DSCR
4.8%
Cap Rate
4.8%
ROI

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