Restaurant
Chipotle Drive-Thru | New 15-Yr. Lease | Kroger Marketplace Outparcel
1235 Columbus Ave, Lebanon (Cincinnati MSA), OH 45036
Listing Price: $2,530,000
Cap Rate
5.55%
Tenant Name
Chipotle
Years Remaining On Lease
13.7
Guarantor
Corporate Guarantee
Rentable SF
2,443
Lease Type
Double Net
Rent Per Square Feet
$57.48
Investment Overview
Marcus & Millichap is pleased to present the Chipotle in Lebanon, OH.
Chipotle Drive-Thru | New 15-Yr. Lease | Kroger Marketplace Outparcel
Investment Highlights
- New 15-Year Lease with 10% Increases Every 5 Years
- Corporate Guaranty (3,437+ Locations) by Fortune 500 Company, $10.98 Billion in Annual Revenue
- Chipotle's Stock (NYSE: CMG) has Increased Approximately 250% Over the Last 5 Years
- Average Unit-Level Sales for Chipotle is Nearly $3.5 Million in the U.S., Equates to a 4% Rent-to-Sales Ratio for this Store
- Brand New Prototype with "Chipotlane" Drive-Thru, Minimal Landlord Responsibilities
- Serving Over 69,000 Residents in Rapidly Growing Trade Area, 30 Miles Northeast of Downtown Cincinnati
- Warren County is One of the Fastest Growing Counties in Ohio, Attracts 13.4 Million Visitors Annually
- Affluent Cincinnati Suburb, Average Household Incomes Exceed $105K in 3 Miles and $114K in 5 Miles
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Financing By
Restaurant
Chipotle Drive-Thru | New 15-Yr. Lease | Kroger Marketplace Outparcel
Listing Price: $2,530,000
Cap Rate
5.55%
Tenant Name
Chipotle
Years Remaining On Lease
13.7
Guarantor
Corporate Guarantee
Rentable SF
2,443
Lease Type
Double Net
Rent Per Square Feet
$57.48
Investment Highlights
- New 15-Year Lease with 10% Increases Every 5 Years
- Corporate Guaranty (3,437+ Locations) by Fortune 500 Company, $10.98 Billion in Annual Revenue
- Chipotle's Stock (NYSE: CMG) has Increased Approximately 250% Over the Last 5 Years
- Average Unit-Level Sales for Chipotle is Nearly $3.5 Million in the U.S., Equates to a 4% Rent-to-Sales Ratio for this Store
- Brand New Prototype with "Chipotlane" Drive-Thru, Minimal Landlord Responsibilities
- Serving Over 69,000 Residents in Rapidly Growing Trade Area, 30 Miles Northeast of Downtown Cincinnati
- Warren County is One of the Fastest Growing Counties in Ohio, Attracts 13.4 Million Visitors Annually
- Affluent Cincinnati Suburb, Average Household Incomes Exceed $105K in 3 Miles and $114K in 5 Miles
Investment Overview
Marcus & Millichap is pleased to present the Chipotle in Lebanon, OH.
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Financing By
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