5501 Warrensville Center Rd - Restaurant FOR SALE
Maple Heights, OH 44137 |
5501 Warrensville Center Rd
Maple Heights, OH 44137
HIGHLIGHTS
- New Construction Chipotle w/ Drive-Thru 11- Year Double-Net Lease in Maple Heights, OH (Cleveland MSA)
- Shell Construction is Complete; Anticipated October 2023 Grand Opening & Rent Commencement
- Full 11 Initial Years of Term Remaining with 10% Rent Increases Every 5 Years
- Corporate Guaranty from Chipotle Mexican Grill, Inc. (NYSE: CMG) - $58 Billion Market Cap & $8.6 Billion Revenue (FY2022)
- Highly Dense Location with 14,440/1-Mi Population; Surrounded by Infill Streets of Single- and Multi-Family Housing
- Minimal Landlord Responsibility – Roof/ Structure Only; TPO Roof w/ 20-Year Warranty
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Chipotle | New Construction | 11-Year Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding
TOTAL BUILDING SIZE
2325
STORIES
1
YEAR BUILT
2023
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
783-19-025
