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Chipotle 124 Highland Xing S

2,000 SF Retail Building Ellijay, GA 30540 $5,051,200 CAD ($2,525.60 CAD/SF) 5% Cap Rate

INVESTMENT HIGHLIGHTS

  • 15-Year Absolute NNN Corporate Lease to Chipotle (NYSE: CMG)
  • Zero Landlord Responsibilities
  • Limited Competition - Only Chipotle within 40-Mile Radius
  • Scheduled 10% Rental Escalations Throughout Primary Term & Options
  • Renovation Completed in 2024 with Chipotlane Drive-Thru, Outdoor Patio, and Prominent Pylon Signage
  • 8,000 Students within 3.5 Miles

EXECUTIVE SUMMARY

The subject property is prominently located with excellent access and visibility on Highland Crossing with frontage and pylon signage on State Route 515 (19,500 AADT). It benefits from a prominent retail location along Ellijay’s primary retail corridor. It is adjacent to Highlands at East Ellijay, anchored by Walmart Supercenter and Lowe’s; as well as Taco Bell, Starbucks, IHOP, Popeyes, Taco Bell, Waffle House, LongHorn Steakhouse, Mountain Cinemas, Springhill Suites and Comfort Inn & Suites. Other nearby retailers include Aldi, CVS, Bealls, Dollar Tree, Ruby Tuesday, Dunkin’, Zaxby’s, Subway, and more.
The site is also in close proximity to other major employers and schools. Numerous schools are located within 3.5 miles of the site, driving traffic to the property via students, parents, and teachers; including Dalton State College (5,140 students), Gilmer High School (1,238 students), and Crossroads Alternative School (1,202 students). Piedmont Hospital is located 2.5 miles from the site. The hospital recently completed a $13.6 million 11,000 square-foot expansion, which added a new ICU wing and increased its overall bed count from 62 to 76. 4 miles from the site is Gilmer County Airport, which connects to major airports on the East Coast has an annual economic impact of $1.24 million.
Ellijay is a town nestled in the foothills of the Appalachian Mountains, known for its natural beauty and agricultural roots. The county seat of Gilmer County, Ellijay is located approximately 65 miles southeast of Chattanooga and 75 miles north of Atlanta.
Called the “Apple Capital of Georgia,” Ellijay has a thriving apple industry. Famous for its apple orchards, Ellijay hosts the annual Georgia Apple Festival over two weekends in October, which draws over 55,000 visitors annually.
In addition to its agricultural foundation, Ellijay’s picturesque landscape makes it a popular destination for outdoor enthusiasts, offering activities such as hiking, mountain biking, camping, fishing, and river rafting. It is located in close proximity to the 867,000-acre Chattahoochee-Oconee National Forest, multiple state parks, mountains, numerous rivers, lakes, and waterfalls, and more. Over the years, the town has grown into a haven for retirees and second-home owners.

This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,000 SF
Building Class
B
Year Built/Renovated
2018/2024
Price
$5,051,200 CAD
Price Per SF
$2,525.60 CAD
Cap Rate
5%
NOI
$252,560 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.07 AC
Opportunity Zone
Yes

AMENITIES

  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru
  • Air Conditioning

NEARBY MAJOR RETAILERS

Krystal
IHOP
Waffle House
Starbucks
LongHorn Steakhouse
Bank OZK
Ruby Tuesday
Shane's Rib Shack
Workout Anytime

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2067-106AM
Land Assessment
$255,292 CAD
Improvements Assessment
$233,536 CAD
Total Assessment
$488,828 CAD
  • Listing ID: 35083970

  • Date on Market: 2025-03-10

  • Last Updated:

  • Address: 124 Highland Xing S, Ellijay, GA 30540

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