Chipotle - Net Lease Property for Sale
Mentor-on-the-Lake, OH
Key Investment Metrics
Price
$3,235,000
Cap Rate
5.1%
Net Operating Income
$165,000
Building Size
2926 SF
Lot Size
2,926 SF
Land Area
1.45 Acres
Remaining Term
13 years
Lease Expiration
06/30/2039
Lease Type
NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2023
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years Starting 2029
About This Chipotle Net Lease Property
This Chipotle NNN (triple net lease) property is located in Mentor-on-the-Lake, OH and represents an excellent investment opportunity for commercial real estate investors. The property features 2926 square feet of building space and was built in 2023.
With a cap rate of 5.1%, this Chipotle net lease property offers stable income potential. The asking price is $3,235,000, making it an attractive option for 1031 exchange investors seeking quality Chipotle commercial properties.
Why Invest in Chipotle NNN Properties?
- Stable Income: Chipotle net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Chipotle is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Mentor-on-the-Lake, OH Market Overview
Located in Mentor-on-the-Lake, OH, this Chipotle property benefits from strong local demographics and market fundamentals. The Mentor-on-the-Lake area offers excellent visibility and accessibility, making it an ideal location for Chipotle operations and a solid investment for net lease property buyers.