Chipotle - Net Lease Property for Sale
Zanesville, OH
Key Investment Metrics
Price
$1,980,000
Cap Rate
5.8%
Net Operating Income
$113,925
Building Size
2325 SF
Lot Size
2,325 SF
Land Area
0.6 Acres
Remaining Term
8 years
Lease Expiration
03/31/2033
Lease Term
10.1 years
Lease Commencement
03/13/2023
Lease Type
NN
Tenant Credit
Corporate Guarantee
Year Built
2023
Occupancy
100%
Tenancy
Single
Rent Increases
10% Increases Every 5 Years
About This Chipotle Net Lease Property
This Chipotle NNN (triple net lease) property is located in Zanesville, OH and represents an excellent investment opportunity for commercial real estate investors. The property features 2325 square feet of building space and was built in 2023.
With a cap rate of 5.8%, this Chipotle net lease property offers stable income potential. The asking price is $1,980,000, 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.
Zanesville, OH Market Overview
Located in Zanesville, OH, this Chipotle property benefits from strong local demographics and market fundamentals. The Zanesville area offers excellent visibility and accessibility, making it an ideal location for Chipotle operations and a solid investment for net lease property buyers.