September 29, 2023 – Rob DiFranco and Jack Laurendeau of Horvath & Tremblay have successfully completed the sale of a two-tenant building leased to Chipotle and Five Guys in Pooler, Georgia. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $4,105,000.
The property is located at 2120 Pooler Parkway in Pooler, Georgia. The new construction two-tenant plaza is improved by Chipotle and Five Guys and contains 4,826 square feet on 1.492-acres of land. Chipotle and Five Guys each have new 15-year double net leases. Chipotle’s lease features three 5-year renewal options, and Five Guys lease features 2 5-year renewal options. Both leases call for attractive 10% rent increases every 5-years throughout the primary lease term and at the start of each renewal option providing the investor with an attractive increase in revenue and a hedge against inflation. The Property is well located along Pooler Parkway, one of the area’s primary commercial corridors, and is an outparcel to a Publix anchored shopping center and is across the street from Mosaic Town Center, a large Costco anchored shopping center. Additionally, the Property is positioned at the entrance to Savannah Quarters, a 2,600-acre master planned community. The area is home to numerous national retailers that drive traffic to the area and enjoys convenient access to Interstate 16.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.