GIG outline small

Current Inventory

NNN Chipotle: First "Digital Kitchen" Prototype in the Country

994 Graham Road, Cuyahoga Falls, OH, 44221
  • Agent(s):
    Kyle Hartung
  • Name:
    NNN Chipotle: First "Digital Kitchen" Prototype in the Country
  • Address:
    994 Graham Road, Cuyahoga Falls, OH, 44221
  • Total SF:
    1,415
  • Lot Sizes:
    0.589 Acres
  • Option:
    For sale
  • Category:
    Investment Sales

» Full Offering Memorandum

Details

For sale to qualified investors is the fee simple interest in a corporate lease with Chipotle Mexican Grill, Inc., located in Cuyahoga Falls, Ohio. The company chose this site for its FIRST location of its new “digital” prototype. The 1,415 square foot building features a drive thru, walk-up ordering, and outdoor patio seating. The interior is dubbed Chipotle’s “Digital Kitchen” and is the first of its kind (https://www.qsrmagazine.com/fast-casual/chipotle-open-first-drive-thru-only-restaurant). The lease features a corporate guaranty, 10-year firm term 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. The roof is a standing seam metal roof, another feature not often found with Chipotle offerings. The property is surrounded by other retail, office and distribution, and although located in suburban Cuyahoga Falls, is very near the University of Akron as well as Cleveland’s southeastern suburbs. Investment in this asset will offer the buyer a rare opportunity to own a hands-off corporate lease with a first-of-its-kind modern prototype for the company.

Location

What's Good at Goodman?

Stay up to date with us on all things
CRE by joining our email list