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Shopping Strip

Chipotle and Strip Center

3232 Cleveland Ave NW, Canton, OH 44709

Listing Price: $3,215,000

Cap Rate
6.73%
Gross SF
13,631
Rentable SF
13,631
Price/Gross SF
$235.86
Lot Size
1.81 acres
Year Built
1983

Investment Overview

Marcus & Millichap is pleased to present for sale, Chipotle and Strip Center located in Canton, Ohio. The subject property is a 100 percent occupied, freestanding Chipotle and five tenant neighborhood strip center. The property sees strong traffic counts of 20,183 vehicles per day on Cleveland Avenue NW. Chipotle and Strip Center is being offered for $3.22 million.

Investment Highlights

  • 100 Percent Occupied Freestanding Chipotle and Five-Tenant Neighborhood Strip in Canton, Ohio
  • Newly Constructed Chipotle with 10-Year Triple-Net Lease Contributes 39 Percent of the Net Operating Income
  • Latest Prototype Chipotle Restaurant with Pick-Up Lane, Ample Outdoor Seating, and Modern Building Design
  • Chipotle has Excellent Frontage and Visibility Provided by Minimal Setback from Cleveland Avenue NW with 20,183 Vehicles per Day
  • New 10-Year Triple-Net Lease with Zen Leaf Dispensary on 29 Percent of Gross Leasable Area; One and a Half Percent Annual Rent Increases
  • Shadow-Anchored by New Construction Marc's Grocery Store – Relocation from Nearby Site, Prominent Ohio Discount Grocer with 60 Locations
  • Daily Needs Tenant Base – Restaurant, Hair Salon, Cell Phone Store, Martial Arts, County Government Office, and Dispensary
  • Located Just 1/4 -Mile North of OH-62 and I-77 Exit Ramps – OH-62 Sees 55,500 Vehicles per Day and I-77 Sees 75,700 Vehicles per Day

Exclusively Listed By

Financing By

Shopping Strip

Chipotle and Strip Center

Listing Price: $3,215,000

Cap Rate
6.73%
Gross SF
13,631
Rentable SF
13,631
Price/Gross SF
$235.86
Lot Size
1.81 acres
Year Built
1983

Investment Highlights

  • 100 Percent Occupied Freestanding Chipotle and Five-Tenant Neighborhood Strip in Canton, Ohio
  • Newly Constructed Chipotle with 10-Year Triple-Net Lease Contributes 39 Percent of the Net Operating Income
  • Latest Prototype Chipotle Restaurant with Pick-Up Lane, Ample Outdoor Seating, and Modern Building Design
  • Chipotle has Excellent Frontage and Visibility Provided by Minimal Setback from Cleveland Avenue NW with 20,183 Vehicles per Day
  • New 10-Year Triple-Net Lease with Zen Leaf Dispensary on 29 Percent of Gross Leasable Area; One and a Half Percent Annual Rent Increases
  • Shadow-Anchored by New Construction Marc's Grocery Store – Relocation from Nearby Site, Prominent Ohio Discount Grocer with 60 Locations
  • Daily Needs Tenant Base – Restaurant, Hair Salon, Cell Phone Store, Martial Arts, County Government Office, and Dispensary
  • Located Just 1/4 -Mile North of OH-62 and I-77 Exit Ramps – OH-62 Sees 55,500 Vehicles per Day and I-77 Sees 75,700 Vehicles per Day

Investment Overview

Marcus & Millichap is pleased to present for sale, Chipotle and Strip Center located in Canton, Ohio. The subject property is a 100 percent occupied, freestanding Chipotle and five tenant neighborhood strip center. The property sees strong traffic counts of 20,183 vehicles per day on Cleveland Avenue NW. Chipotle and Strip Center is being offered for $3.22 million.

Exclusively Listed By

Financing By

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