Office Supply
Chipotle Drive-Thru | 10% Increases Every 5 Years
4215 Linden Ave, Dayton, OH 45432
Listing Price: $2,314,000
Cap Rate
5.50%
Tenant Name
Chipotle
Years Remaining On Lease
13.4
Guarantor
Corporate Guarantee
Rentable SF
2,325
Lease Type
Double Net
Rent Per Square Feet
$54.75
Investment Overview
Marcus & Millichap is pleased to present the Chipotle in Dayton, OH.
Chipotle Drive-Thru | 10% Increases Every 5 Years
Investment Highlights
- New 15-Year 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., Equates to a 4.2% Rent-to-Sales Ratio for this Store
- Brand New Prototype with "Chipotlane" Drive-Thru, Minimal Landlord Responsibilities
- Serving 212,700+ Residents Centered Among Three of Dayton's Most Affluent and Growing Suburbs
- Strong Average Household Incomes Exceed $126,000 in 3 Miles and $130,000 in 5 Miles
- Strategic Location, Nearest Chipotle with a Drive-Thru is Over 8 Miles Away
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Financing By
Listing Price: $2,314,000
Cap Rate
5.50%
Tenant Name
Chipotle
Years Remaining On Lease
13.4
Guarantor
Corporate Guarantee
Rentable SF
2,325
Lease Type
Double Net
Rent Per Square Feet
$54.75
Investment Highlights
- New 15-Year 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., Equates to a 4.2% Rent-to-Sales Ratio for this Store
- Brand New Prototype with "Chipotlane" Drive-Thru, Minimal Landlord Responsibilities
- Serving 212,700+ Residents Centered Among Three of Dayton's Most Affluent and Growing Suburbs
- Strong Average Household Incomes Exceed $126,000 in 3 Miles and $130,000 in 5 Miles
- Strategic Location, Nearest Chipotle with a Drive-Thru is Over 8 Miles Away
Investment Overview
Marcus & Millichap is pleased to present the Chipotle in Dayton, OH.
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Financing By
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