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Restaurant

Chipotle | NEW CONSTRUCTION | RARE ABSOLUTE NNN LEASE

2548 Lincoln Way E, Massillon, OH 44646

Listing Price: $2,325,000

Cap Rate
5.00%
Tenant Name
Chipotle
Years Remaining On Lease
14.0
Gross SF
2,325
Guarantor
Corporate Guarantee
Rentable SF
2,325
Price/Gross SF
$1,000.00
Lease Type
Absolute Net
Rent Per Square Feet
$50.00

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.

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

Exclusively Listed By

Financing By

Restaurant

Chipotle | NEW CONSTRUCTION | RARE ABSOLUTE NNN LEASE

Listing Price: $2,325,000

Cap Rate
5.00%
Tenant Name
Chipotle
Years Remaining On Lease
14.0
Gross SF
2,325
Guarantor
Corporate Guarantee
Rentable SF
2,325
Price/Gross SF
$1,000.00
Lease Type
Absolute Net
Rent Per Square Feet
$50.00

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.

Exclusively Listed By

Financing By

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