4100 Belmont Ave
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4100 Belmont Ave
2,325 SF Retail Building Youngstown, OH 44505 $2,049,152 ($881/SF) 6.11% Cap Rate
Investment Highlights
- Corporate Lease Guaranteed by Chipotle Mexican Grill, Inc. (NYSE: CMG)
- Tenant Maintains Parking Lot Including Landscaping and Snowplowing
- 9 Years Guaranteed Term Remain with 10% Increases Every 5 Years
- Interstate 80 Exit Location Adjacent Starbucks
- Transferrable Roof Warranty
- Brand New Building with Chipotle's Newest Prototype
Executive Summary
For sale to qualified investors is the fee simple interest in a corporate lease with Chipotle Mexican Grill, Inc., located in Youngstown, Ohio. The property is located at the Interstate 80 exit serving Liberty and Youngstown, Ohio, adjacent Starbucks. The 2,325 square foot building features a drive thru, indoor seating and outdoor patio seating. The lease features a corporate guaranty, 9 years of guaranteed term remaining with 10% increases every 5 years, and is a rare “hands-off” Chipotle lease. Chipotle is responsible for the groundskeeping and parking lot, leaving no day-to-day management responsibilities for the owner. Also included with this offering is a transferable 20-year roof warranty. The property is surrounded by other retail, hospitality and businesses, and is convenient to customers both locally and more regionally from adjacent Interstate 80 exits. Investment in this asset will offer the buyer the opportunity to own a hands-off corporate lease with a brand-new prototypical building with immediate freeway access and exposure.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Building Class
C
Year Built
2022
Price
$2,049,152
Price Per SF
$881
Cap Rate
6.11%
NOI
$125,286
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.61 AC
Amenities
- Signage
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 12-700100 | Improvements Assessment | $168,560 |
Land Assessment | $75,110 | Total Assessment | $243,670 |
PROPERTY TAXES
Parcel Number
12-700100
Land Assessment
$75,110
Improvements Assessment
$168,560
Total Assessment
$243,670
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4100 Belmont Ave
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