Restaurant

Chipotle Ground Lease

1796 N Clinton St, Defiance, OH 43512

Listing Price: $1,389,000

Cap Rate
4.50%
Tenant Name
Chipotle
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
2,314
Lease Type
NNN Ground Lease
Rent Per Square Feet
$27.01

Investment Overview

Chipotle Mexican Grill, Inc. (NYSE: CMG) is an American chain of fast casual restaurants in the United States, United Kingdom, Canada, Germany, and France, known for its large burritos, assembly-line production, and use of natural ingredients. Defiance is a city in and the county seat of Defiance County, Ohio, located approximately 55 miles southwest of Toledo and 47 miles northeast of Fort Wayne, Indiana in Ohio’s northwestern corner.

Investment Highlights

  • New 10-Year Triple-Net (NNN) Corporate Ground Lease
  • 10 Percent Rental Increases Every Five Years
  • 2021 Construction with "Chipotlane" Drive-Thru Concept
  • 21,603 Residents within a Five-Mile Radius
  • Outparcel to Walmart in the City's Main Retail Corridor - Surrounding Retail Tenants Include Lowe's, Meijer, Menard's, Kohl's, ALDI, Hobby Lobby, and More

Exclusively Listed By

Listing Price: $1,389,000

Cap Rate
4.50%
Tenant Name
Chipotle
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
2,314
Lease Type
NNN Ground Lease
Rent Per Square Feet
$27.01

Investment Highlights

  • New 10-Year Triple-Net (NNN) Corporate Ground Lease
  • 10 Percent Rental Increases Every Five Years
  • 2021 Construction with "Chipotlane" Drive-Thru Concept
  • 21,603 Residents within a Five-Mile Radius
  • Outparcel to Walmart in the City's Main Retail Corridor - Surrounding Retail Tenants Include Lowe's, Meijer, Menard's, Kohl's, ALDI, Hobby Lobby, and More

Investment Overview

Chipotle Mexican Grill, Inc. (NYSE: CMG) is an American chain of fast casual restaurants in the United States, United Kingdom, Canada, Germany, and France, known for its large burritos, assembly-line production, and use of natural ingredients. Defiance is a city in and the county seat of Defiance County, Ohio, located approximately 55 miles southwest of Toledo and 47 miles northeast of Fort Wayne, Indiana in Ohio’s northwestern corner.

Exclusively Listed By

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