Chipotle - New 15 Year NNN Lease | 34712 Center Ridge Rd
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Chipotle - New 15 Year NNN Lease 34712 Center Ridge Rd
2,325 SF Retail Building North Ridgeville, OH 44039 $3,262,663 CAD ($1,403.30 CAD/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Lease Guaranteed by Chipotle Mexican Grill, Inc.
- 14+ Years Guaranteed Term Remain with 10% Increases Every 5 Years
- Located in Thriving Retail Corridor with High Incomes and Household Growth
- Outlot to 55,000 SF Marc's Grocery Store Generating Daily Needs Customers
- Brand New Building with Chipotle's Newest Prototype
- North Ridgeville is Ranked the 4th Best Place for Homeownership in Ohio
EXECUTIVE SUMMARY
• Corporate Lease Guaranteed by Chipotle Mexican Grill, Inc. (Nasdaq: CMG)
• Outlot to 55,000 SF Marc’s Grocery Store Generating Daily Needs Customers
• Tenant Maintains Parking Lot Including Landscaping and Snowplowing
• Transferrable Roof Warranty
• 14+ Years Guaranteed Term Remain with 10% Increases Every 5 Years
• Brand New Building with Chipotle’s Newest Prototype
• Located in Thriving Retail Corridor with High Incomes and Household Growth
• North Ridgeville is Ranked the 4th Best Place for Homeownership in Ohio
• Outlot to 55,000 SF Marc’s Grocery Store Generating Daily Needs Customers
• Tenant Maintains Parking Lot Including Landscaping and Snowplowing
• Transferrable Roof Warranty
• 14+ Years Guaranteed Term Remain with 10% Increases Every 5 Years
• Brand New Building with Chipotle’s Newest Prototype
• Located in Thriving Retail Corridor with High Incomes and Household Growth
• North Ridgeville is Ranked the 4th Best Place for Homeownership in Ohio
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,325 SF
Building Class
C
Year Built
2023
Price
$3,262,663 CAD
Price Per SF
$1,403.30 CAD
Cap Rate
5.50%
NOI
$179,446 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.81 AC
Zoning
B-3 - Highway Commercial District
AMENITIES
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
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Chipotle - New 15 Year NNN Lease | 34712 Center Ridge Rd
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