7 W Jackson St
Painesville, OH 44077

The offering provides an opportunity to buy a new, ground-up constructed Chipotle Mexican Grill located in Painesville, Ohio, an established suburb 28 miles northeast of Cleveland. The lease features a 10-year NN term with four 5-year options to extend and 10% increases in the base term and options. The store is currently under construction with an estimated store opening/rent commencement date of December 1, 2019. The property will feature the latest attractive and contemporary prototype with ample signage and visibility. The new fast-lane prototype allows for customers to conveniently order from a mobile app and pick-up at a given time without having to enter the store. The subject property is located on West Jackson Street, right off of Richmond Street (SR 283), which sees approximately 12,610 VPD. It is across an intersection from a Walgreens with an in-store pharmacy and drive-thru access. Other retailers/restaurants in immediate proximity include Arby’s, Dunkin’ Donuts, Family Dollar, KFC, McDonald’s, and Taco Bell. The property is located within 2 miles of 3 elementary schools, 1 middle school, 1 high school, and Lake Erie College, which is a private liberal arts college with an approximate enrollment of 1,100 students. Within a 5-mile radius of the subject property, there are 75,616 residents with average household incomes exceeding $82,000.