Listed by Atlantic Capital Partners
$3,340,000
Chipotle | Ladson, SC (Charleston MSA)
Details
APN 154-04-00-014.000
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Net Rentable (SqFt) 2,325
Units 1
Cap Rate 5%
NOI $167,000
Occupancy 100%
Tenancy Single
Brand/Tenant McDonald's, Chick-fil-A
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 05/31/2041
Remaining Term 15
Rent Bumps Yes
Lease Options 4 x 5-year options
Class A
Year Built 2026
Stories 1
Acreage 0.920
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 06/11/2026
Ground Lease No
5.00% CAP | New Construction | 15-Yr Abs. NNN
Investment highlights
STRONG LEASE FUNDAMENTALS
- 15 Year Abs. NNN Lease with zero landlord responsibilities
- Four (4) five (5) year extensions remaining
- 10% Increases every 5 years in base rent and extension periods
CORPORATE GUARANTY FROM INVESTMENT GRADE TENANT
- Chipotle has a Market Cap of $82B (NYSE: CMG) with over 3,750+ locations across the country
- Chipotle opened 304 new restaurants in 2024 with 257 of those locations utilizing a Chipotlane
HIGH-TRAFFIC CORRIDOR
- Positioned along Ladson Road, a major retail and commuter corridor serving the North Charleston / Summerville trade area
- Strong visibility and access with consistent daily traffic counts connecting residential density to regional retail
- Located on Ladson Rd (50K VPD)
AFFLUENT RETAIL CORRIDOR
- Surrounded by a dense concentration of national and regional retailers within a 1-mile radius
- Nearby tenants include Walmart Supercenter, Publix, Lowe’s, Food Lion, Starbucks, Chickfil-A, McDonald’s, and additional quick-service and necessity-based retail
- AHHI exceeds 100K in a 1-mile radius
NEW CONSTRUCTION WITH “CHIPOTLANE” FORMAT
- The Building has recently been built to suit the tenant’s specifications
- Tenant has paid to add the new feature “Chipotlane” drive thru concept with multiple spaces put in for curbside pickup
CHARLESTON, SC MSA
- Located within the Charleston–North Charleston MSA, one of the fastest-growing MSAs in the Southeast
- The region continues to benefit from population growth, job expansion, and limited new retail supply
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$167,000.00
$13,916.67/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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