Chipotle Drive-Thru
Single-Tenant Offerings
Chipotle Drive-Thru
1205 Columbus Ave.
Lebanon (Cincinnati MSA), OH
- Price:
- $2,530,000
- Cap Rate:
- 5.55%
- NOI:
- $140,430
- Rentable SQFT:
- 2,443 SF
- Year Built:
- 2023
- Lot Size:
- 0.80 +/- Acres
- Lease Type:
- NN
- Status:
- Available
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
- Outparcel to High-Volume/Newly Remodeled Kroger Marketplace (One of the Busiest in the U.S. per Placer) and New Tractor Supply
- Down the Street from Walmart Supercenter and Across from Aldi
- Prime Location in Main Retail Corridor and Accessible to 35,000+ Cars/Day
- Minutes to New $15 Million 128-Acre Sports Complex with 1.2 Million Visitors Annually\
- Just North of $300 Million 364-Acre Six Flags Amusement Park with Approximately 3.5 Million Visitors/Year\
- Close Proximity to Miami Valley Gaming Casino, Sportsbook, and Racetrack with 2.5 Million Visitors/Year
- Strong Daytime Population, Over 22,000 Employees in Primary Trade Area
- 15 Minute Drive to Caesar Creek State Park with 2.7+ Million Visitors/Year
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