Chipotle | Near Auburn University | 1700 Opelika Rd
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Chipotle | Near Auburn University 1700 Opelika Rd
2,313 SF Retail Building Auburn, AL 36830 £2,607,033 (£1,127/SF) 5% Net Initial Yield
Investment Highlights
- New 15-year absolute NNN lease to a major national QSR tenant
- No landlord management, an ideal opportunity for passive investors
- Chipotle is ranked on the Fortune 500 and is recognized on the 2024 list for Fortune’s Most Admired Companies
- 10% rental increases every five (5) years in initial term and option periods, providing a passive longterm income generator
- Chipotle is the only restaurant company of its size that owns and operates all its restaurants
Executive Summary
This Chipotle is located directly across the street from Auburn Mall and near the signalized hard corner of Opelika Road and E University Drive, which experiences a high-traffic count of 27,674 vehicles per day. Auburn University is the second largest university in Alabama with 33,000+ students & 1,330 faculty, and the university contributes over $6.3 billion annually to Alabama’s economy through job creation, research and development, and spending by students and visitors. The property is within the Market Square Shopping Center and adjacent to Flints Crossing Shopping Plaza with power tenants such as Crunch Fitness, Big Lots, McDonald’s, AT&T, HomeGoods, and Michaels, positioning the site to capture significant shopper traffic. Prime location minutes from Auburn University and East Alabama Medical Center, establishing a built-in customer base of more than 36,000 customers. As Alabama’s fastest-growing metropolitan area, the population within a one-mile radius of the site has increased by more than 55% since the 2010 U.S. Census, illustrating the area’s rapid growth. The population count within a five-mile radius of the site is 94,650 (a 41% increase since the 2010 U.S. Census).
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,313 SF
Building Class
B
Year Built
2024
Price
£2,607,033
Price Per SF
£1,127
Net Initial Yield
5%
NOI
£130,352
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Land Acres
0.41 AC
Opportunity Zone
Yes
Parking
23 Spaces (9.94 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 09-05-21-1-000-021.000 | Improvements Assessment | £51,263 |
Land Assessment | £35,789 | Total Assessment | £87,052 |
PROPERTY TAXES
Parcel Number
09-05-21-1-000-021.000
Land Assessment
£35,789
Improvements Assessment
£51,263
Total Assessment
£87,052
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Chipotle | Near Auburn University | 1700 Opelika Rd
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