Chipotle

Investment Overview

Passov Group is pleased to present the opportunity to purchase a corporately guaranteed NNN Chipotle in New Albany, OH, built in 2024 with 13.1 years remaining on the primary lease term and a 10% rent increase scheduled 6/1/2029 and every five years thereafter. The property is offered at $2,466,000 (5.00% cap rate) reflecting $123,291 in annual base rent, positioned on a signalized intersection with direct frontage to Johnstown Rd (27,000 VPD) and immediate proximity to SR-161 (60,000 VPD). As a new construction asset, the property requires zero deferred maintenance, a meaningful distinction in today's NNN market where vintage product carries increasing operational risk. Chipotle's site selection in Ohio's wealthiest community reflects the fundamental strength of the trade area, and the same supply constraints that attract retailers make relocation effectively a non-option, anchoring tenancy to this corner long term.