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Restaurant

Chipotle | New Rare 15-Yr. NNN (Tenant Responsible for Roof)

6 St Andrews Blvd, Chillicothe (South of Columbus), OH 45601

Listing Price: $2,645,000

Cap Rate
5.50%
Tenant Name
Chipotle
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
2,325
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$62.58

Investment Overview

Marcus & Millichap is pleased to present the Chipotle in Chillicothe, OH.

Investment Highlights

  • 15-Year Modified NNN Lease with 10% Increases Every 5 Years
  • Corporate Guaranty (3,304+ Locations), Fortune 500 Company with $9.53 Billion in Annual Revenue
  • Chipotle's Stock (NYSE: CMG) has Increased Approximately 345% Over the Last 5 Years
  • Average Unit-Level Sales for Chipotle is Nearly $3 Million in the U.S.
  • Brand New Prototype with "Chipotlane" Drive-Thru, Landlord Responsible for Structure Only
  • Serving Over 76,800 Residents in Growing Ross County, 48 Miles South of Downtown Columbus
  • Strategic Location, Nearest Chipotle with a Drive-Thru is Over 41 Miles Away
  • Adjacent to High-Performing Kroger Anchored Center

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Restaurant

Chipotle | New Rare 15-Yr. NNN (Tenant Responsible for Roof)

Listing Price: $2,645,000

Cap Rate
5.50%
Tenant Name
Chipotle
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
2,325
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$62.58

Investment Highlights

  • 15-Year Modified NNN Lease with 10% Increases Every 5 Years
  • Corporate Guaranty (3,304+ Locations), Fortune 500 Company with $9.53 Billion in Annual Revenue
  • Chipotle's Stock (NYSE: CMG) has Increased Approximately 345% Over the Last 5 Years
  • Average Unit-Level Sales for Chipotle is Nearly $3 Million in the U.S.
  • Brand New Prototype with "Chipotlane" Drive-Thru, Landlord Responsible for Structure Only
  • Serving Over 76,800 Residents in Growing Ross County, 48 Miles South of Downtown Columbus
  • Strategic Location, Nearest Chipotle with a Drive-Thru is Over 41 Miles Away
  • Adjacent to High-Performing Kroger Anchored Center

Investment Overview

Marcus & Millichap is pleased to present the Chipotle in Chillicothe, OH.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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