17090 Royalton Rd - Restaurant FOR SALE
Strongsville, OH 44136 |
$5,017,390 USD
17090 Royalton Rd
Strongsville, OH 44136
HIGHLIGHTS
- Backed by Chipotle Mexican Grill, Inc. (NYSE: CMG), a publicly traded Fortune 500 company with a market capitalization exceeding $70 billion.
- LensCrafters is part of the global optical-retail network of EssilorLuxottica, one of the largest eyewear and optical groups in the world.
- Chipotle has seen tremendous growth in recent years, averaging 11% annually over the past two years.
- Located in the highly trafficked SouthPark and Royalton Road corridor of Strongsville (a key suburban trade area).
- Strongsville has a median household income of around ~$102,574 according to ACS data, indicating a relatively affluent, stable suburban population.
- Chipotle continues to roll out its “Chipotlane” drive-thru format and advanced mobile-order pickup technology to enhance convenience and sales.
OVERVIEW
We are pleased to exclusively offer for sale the 5,764 SF Chipotle & LensCrafters property located at 17090 Royalton Rd in Strongsville, OH. The property is strategically positioned along the highly trafficked SouthPark and Royalton Road corridor, a premier suburban trade area in Strongsville.
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
FOR SALE DETAILS
PRICE
$5,017,390 USD
PRICE/SF
$870 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Chipotle and LensCrafters - Strongsville, OH
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
60
LAND DETAILS
LAND ACRES
1.1 AC
LAND SF
47,916 SF
ZONING
C, Strongsville
APN/PARCEL ID
396-14-016
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