Main Content
- SF: 2,325 sq. ft
- acres 0.6157
- Request Info
- Full Offering Memorandum
4100 Belmont Avenue
Agent(s): Kyle Hartung
- Price $2,121,000
- Cap Rate 5.7%
- Status For Sale
- Property Type Investment Sales
About This Property
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.