4109 Mall Dr - Restaurant FOR SALE
Steubenville, OH 43952 |
$3,454,000 USD
216-264-2000
4109 Mall Dr
Steubenville, OH 43952
HIGHLIGHTS
- New Construction Chipotle | 2,325-Square-Foot Freestanding Restaurant Built In 2025 | Most Recent Prototype
- Absolute NNN Lease Structure | Tenant Responsible For All Taxes, Insurance, Maintenance, Roof & Structure
- Long-Term Lease Commitment | 14 Years of Remaining Lease Term Through August 2030
- Corporate Guaranty From Chipotle Mexican Grill, Inc. | Investment-Grade National Restaurant Operator With Over 4,000 Locations
- Scheduled Rental Growth | ~10% Rent Increase Every Five Years | Additional Increases During Each Of Four 5-Year Renewal Options
- Strong Contractual Yield Growth | Current 5.15% Cap Rate Increasing To 5.63% In 2030 And 6.16% In 2035
FOR SALE DETAILS
PRICE
$3,454,000 USD
PRICE/SF
$1,486 USD /SF
CAP RATE
5.15%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Chipotle
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.66 AC
LAND SF
28,750 SF
ZONING
-
APN/PARCEL ID
08-01650-005
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
216-264-2000
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
216-264-2000
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
