Restaurant
Chipotle | NEW CONSTRUCTION | RARE ABSOLUTE NNN LEASE
2548 Lincoln Way E, Massillon, OH 44646
Listing Price: $2,325,000
Investment Overview
Marcus & Millichap is Pleased to Present for Sale a New Construction Chipotle with Drive-Thru 15-Year Absolute Triple-Net Lease in Massillon, Ohio (Canton MSA). Rare Absolute Triple-Net Lease Structure – Zero Landlord Responsibilities. Prototypical 2,325 Square Foot Restaurant Building on 0.8-Acre Lot with Frontage and Excellent Visibility; Has Outdoor Seating Area. Located on a Prominent “Daily Needs” and Commuter Stretch of Lincoln Highway E with Strong Traffic Counts of 13,420 Cars per Day.
Chipotle | NEW CONSTRUCTION | RARE ABSOLUTE NNN LEASE
Investment Highlights
- New Construction Chipotle w/ Drive-Thru 15-Year Absolute Triple-Net Lease in Massillon, Ohio (Canton MSA)
- 15-Year Lease Term (14 Years Remaining) with 10 Percent Rent Increases Every Five Years
- Rare Absolute Triple-Net Lease Structure – Zero Landlord Responsibilities
- Corporate Guaranty from Chipotle Mexican Grill, Inc. (NYSE: CMG) - $57 Billion Market Cap and $8.6 Billion Revenue (Fiscal Year 2022)
- Store Equipped with Mission-Critical "Chipotlane" Drive-Thru – Chipotle Reports Digital Orders (Pickup or Delivery) are Responsible for 39 Percent of 2022 Sales
- Lincoln Way E is the Primary East-West Arterial Connecting Downtown Massillon to Downtown Canton and the Nearest Highway Ramps – I-77
Restaurant
Chipotle | NEW CONSTRUCTION | RARE ABSOLUTE NNN LEASE
Listing Price: $2,325,000
Investment Highlights
- New Construction Chipotle w/ Drive-Thru 15-Year Absolute Triple-Net Lease in Massillon, Ohio (Canton MSA)
- 15-Year Lease Term (14 Years Remaining) with 10 Percent Rent Increases Every Five Years
- Rare Absolute Triple-Net Lease Structure – Zero Landlord Responsibilities
- Corporate Guaranty from Chipotle Mexican Grill, Inc. (NYSE: CMG) - $57 Billion Market Cap and $8.6 Billion Revenue (Fiscal Year 2022)
- Store Equipped with Mission-Critical "Chipotlane" Drive-Thru – Chipotle Reports Digital Orders (Pickup or Delivery) are Responsible for 39 Percent of 2022 Sales
- Lincoln Way E is the Primary East-West Arterial Connecting Downtown Massillon to Downtown Canton and the Nearest Highway Ramps – I-77
Investment Overview
Marcus & Millichap is Pleased to Present for Sale a New Construction Chipotle with Drive-Thru 15-Year Absolute Triple-Net Lease in Massillon, Ohio (Canton MSA). Rare Absolute Triple-Net Lease Structure – Zero Landlord Responsibilities. Prototypical 2,325 Square Foot Restaurant Building on 0.8-Acre Lot with Frontage and Excellent Visibility; Has Outdoor Seating Area. Located on a Prominent “Daily Needs” and Commuter Stretch of Lincoln Highway E with Strong Traffic Counts of 13,420 Cars per Day.
