Chipotle for Sale in Mentor-on-the-Lake, OH
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
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
Property overview
Chipotle in Mentor-on-the-Lake
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,926 SF
- Land area
- 1.45 acres
- Year built
- 2023
- Lease type
- NNN
- Lease expiration
- 06/30/2039
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.