Chipotle
Closed2909 E Hwy 34, Newnan, GA 30265
Property type
Retail
Price
$3,890,000
Building size
2,325 sf
Rentable area
2,325 SF
Year built
2025
Year renovated
Occupancy
Zoning code
Lot size
1.00 Acres
Sold/status
Sold · Date unknown
Sale price
$3890000
CAP
5.00%
Net Operating Income
$194,500
Property description
Franklin Street is pleased to present this new construction NNN Chipotle in Newnan, Georgia. Newnan is a southern suburb of the Atlanta metropolitan, which is home to 6.4M+ residents. The property is located on a corner lot at a lighted intersection along a major retail corridor leading to I-85. Chipotle has a signed a new 15-year corporately guaranteed lease and in the most recent year reported $11B+ in revenue. The location has a drive-thru they call Chipotlanes, which typically see a 10-15% increase in sales compared to traditional locations. Other major traffic generating retailers in proximity include Publix, Kroger, Chick-fil-A, Walgreens, Tractor Supply, Walgreens, Wendy's, Starbucks, Bojangles, and many others. Newnan's economy is driven by a diverse range of sectors, with advanced manufacturing playing a central role. Newnan is home to a robust network of international manufacturers—more than 20 firms from 15 countries operate in the area, including major employers such as Hitachi Construction Machinery Americas and Hyundai Industrial. These companies benefit from the area's infrastructure, skilled labor pool, and business-friendly environment. Expansions by these firms continue to inject millions of dollars into the local economy and add hundreds of new jobs. In addition to manufacturing, healthcare is a rapidly growing economic driver. Over the past decade, employment in the healthcare sector has grown by more than 20%, fueled by the presence of modern medical facilities like Piedmont Newnan Hospital. The hospital provides comprehensive services and is a major employer in the region, supporting the city’s broader aim of becoming a healthcare destination. This growth is further supported by the opening of new urgent care clinics and VA facilities, responding to the needs of a growing population.
Property highlights
- New Construction Chipotle in the Atlanta MSA
- 15-Year NNN Lease with 10% Bumps Rvery 5 Years
- Located Across from Strong-Performing Publix ($40M+ Sales) & Kroger ($54M+ Sales) Stores
- Chipotle is the Leader in their Category with 3,800+ Stores and Growing
- Affluent Atlanta Suburb: $150,000+ Household Incomes
- Excellent Visibility on Hwy 34 at a Lighted Intersection: 32,900 VPD
- Chipotle has a Baa1 rating from Moody's which is Considered Investment Grade
- Disposable Income in the Market: Average Net Worth within 5 Minutes of the Property is $1.75M