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Chipotle & Five Guys, Pooler, GA

Chipotle & Five Guys, Pooler, GA


Investment Summary

Price $4,105,000
Cap Rate
NOI
Lease Term Various
Lease Type Various
Rental Increases Various
Year Built 2023
Building Size 4,826 SF
Lot Size 1.492 acres (64,981 SF)
Status Closed
Lead Brokers Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

TROPHY TWO-TENANT ASSET WITH 15-YEAR LEASES
» 100% leased multi-tenant “Amazon-proof” asset
» 15-year net lease for both tenants, with 10% rental increases every five (5) years
» Full corporate guarantee (NYSE: “CMG”) from an investment-grade tenant
» Chipotle is the only restaurant company of its size that owns and operates all its restaurants
» Five Guys has 1,700 + locations open worldwide, with 1,500 locations under development
» Chipotle is ranked on the Fortune 500 and is recognized on the 2023 list for Fortune’s Most Admired Companies

PUBLIX SUPER MARKET OUTPARCEL NEAR MAJOR TRANSPORTATION CORRIDORS
» Publix outparcel with excellent road visibility at the fully signalized intersection on Pooler Parkway (22,100 AADT)
» Across from Mosaic Town Center, a large shopping center featuring recently opened anchor tenant Costco and near other prominent retailers such as Lowe’s Home Improvement, Chick-fil-A, Starbucks, and many others
» Benefits from proximity to major transportation corridors, including Interstate 16 (66,300 AADT) and Interstate 95 (92,400 AADT), providing easy accessibility to and from the area
» Proximity to West Chatham Elementary School, West Chatham Middle School, and New Hampstead High School (combined student population of over 3,147), offering access to an ideal customer base
» Strategic location near several major area employers including a Home Depot, Target, and Family Dollar distribution center, increasing daytime traffic in the surrounding area

STRATEGIC LOCATION AT THE ENTRANCE OF A 2,600-ACRE MASTER PLANNED COMMUNITY
» Hyundai Motors is constructing a $5.5 billion manufacturing facility three exits west of the property, which is expected to generate 8,100 jobs in the largest economic project in Georgia’s history
» Prominent position at the main entrance to Savannah Quarters, a 2,600-acre master-planned community with approximately 8,000 homes
» Minutes from Savannah-Hilton Head International Airport and Gulfstream Aerospace Corporation, and serves as a gateway to Historic Downtown Savannah, the fourth most populous city in Georgia with a population of 147,088
» Part of the Savannah metropolitan area, the third-largest MSA in Georgia, with a population of over 400,000 and a strong GDP of over $20.1 billion
» 46,893 residents within a five-mile radius (35% growth since 2010) with an average annual household income of $112,283 within one mile (projected 22% increase by 2027)

NEW 2023 HIGH-QUALITY CONSTRUCTION
» High-quality 2023 construction with 50 dedicated stalls and ample cross-access parking
» Location features to-go parking stalls, a dedicated Chipotlane drive-thru, and outdoor patio seating for added customer convenience

Property Description

SOLD

» Prime Retail Location: The property is a Publix outparcel and is located near several prominent retailers, including Costco, Lowe’s Home Improvement, Chick-fil-A, Starbucks, and many others
» Excellent Visibility and Accessibility: Situated along Pooler Parkway, the property benefits from excellent road visibility and access to 22,100 vehicles per day. It’s also conveniently located near major transportation corridors, including Interstate 16 (66,300 AADT) and Interstate 95 (92,400 AADT), providing easy accessibility to and from the area
» Ideal Customer Base: The property is near several schools, including West Chatham Elementary School, West Chatham Middle School, and New Hampstead High School. With a combined student population of over 3,147, the location offers access to an ideal customer base
» Growing Affluent Residential Community: The property is situated at the entrance of the large and growing Savannah Quarters residential community in an affluent area, with an average annual household income of $112,283 within one mile (projected 22% increase by 2027)
» Strategic Location: The site is located minutes from Savannah-Hilton Head International Airport and Gulfstream Aerospace Corporation
» Gateway Location: The location is a gateway to Historic Downtown Savannah, the fourth most populous city in Georgia with a population of 147,088. Additionally, Savannah is a popular tourist destination, with 15.2 million visitors in 2021 and recognition as one of Travel & Leisure’s “Top 5 Cities to Visit in the U.S.” in 2022. The property is also part of the Savannah metropolitan area, the third largest MSA in Georgia, with a population of over 400,000 and a strong GDP of over $20.1 billion

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