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Available For Sale - Retail

3,540 SF | Show Pricing $

AVAILABILITY DETAILS

Size
3,540 SF
Price/SF
Show Pricing $
Listing ID
SA420749
Notes
Marcus & Millichap is pleased to present the opportunity to acquire a new Chipotle Mexican Grill in Cullman, Alabama. With new construction, this property opened in November 2019. This Chipotle has a new 10-year, triple net lease and offers four, five-year renewal options. There are 10 percent rent increases every five years throughout the base term and option periods. This Chipotle location in Cullman will include the drive-thru. Customers are able to place their order through the Chipotle mobile app or via website, then pick it up in the “Chipotlane,” all without ever having to leave their car.



The subject property is at the center of Cullman’s major retail corridor, located along Highway 69 with a daily traffic count of more than 22,500 vehicles. The subject property is located at a signalized intersection between Lowe’s and Walmart Supercenter, and directly across the street from AMC Theatres, TJ Maxx, and Anytime Fitness. Other surrounding national retailers include Aldi, Planet Fitness, Hobby Lobby, Ashley Furniture HomeStore, Tractor Supply Company, Big Lots, Hibbett Sports, Dollar General, Aspen Dental, Advance Auto Parts, CVS, Walgreens, Starbucks, Chick-fil-A, Applebee’s, KFC, McDonald’s and many more.



Cullman, Alabama is 50 miles North of Birmingham. Cullman received a Silver Excellence in Economic Development Award for Business Retention & Expansion from the International Economic Development Council (IEDC); was ranked #5 as Most Business Friendly City in Alabama by the Alabama Policy Institute; and was named the #2 U.S. Micropolitan Area by Site Selection magazine. In addition, Cullman was named #1 in Alabama for New & Expanding Industry in 2016 and 2013 rankings by the State of Alabama, and Southern Business & Development magazine ranked Cullman the #6 Community that is a Manufacturing Location No-Brainer.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Barry Wolfe, Wolfe-Lipsky Retail Group of Marcus & Millichap