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Lebanon, OH (Cincinnati MSA) 45036
Chipotle Drive-Thru
Property Address
1205 Columbus Avenue, Lebanon, OH, USA
Offering Summary
Price:
$2,530,000
Lot Size:
.80 Acres
Cap Rate:
5.55%
Year Built:
2023
Building SF:
2,443
Status:
Available
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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
Broker Information
Mark Ruble
Agent
Phone Number:
602.687.6766
mruble@marcusmillichap.com
Chris Lind
Agent
Phone Number:
602.687.6780
chris.lind@marcusmillichap.com
Zack House
Agent
Phone Number:
602.687.6650
zhouse@marcusmillichap.com
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