About This Property
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.