695 Zane St - Retail FOR SALE


Zanesville, OH 43701
$2,071,000 USD
310-691-1350
695 Zane St, Zanesville, OH for Sale
$2,071,000 USD
Retail - FOR SALE
1/8
null | 5.5% Cap Rate

695 Zane St
Zanesville, OH 43701


HIGHLIGHTS

  • High Performing Store with Nearly 2x National Average Sales
  • Adjacent to New Free-Standing Starbucks - Also Performing at 2x National Average Sales
  • Interstate 70 Offramp Location, Heading in/out of High Growth Columbus Metro
  • Located just 50 miles east of Columbus, one of the fastest-growing metros in the Midwest, home to five Fortune 500 companies
  • Backed by a corporate guaranty from Chipotle (Moody’s: Baa1)
  • High-Traffic Retail Corridor Adjacent to Texas Roadhouse and Starbucks, with Strong National Co-Tenancy

OVERVIEW

Pegasus Investments Real Estate Advisory Inc., in conjunction with ParaSell Inc., is pleased to present the opportunity to acquire the fee simple interest in a newly constructed, high-performing, single-tenant Chipotle drive-thru in Zanesville, Ohio. Positioned just east of Columbus along the I-70 corridor, this strategic interstate-adjacent location has demonstrated exceptional performance, generating sales at nearly twice the national average. The Property is secured by a new 10-year corporate net lease with Chipotle (NASDAQ: CMG), the world’s largest coffeehouse chain. Featuring minimal landlord responsibilities, long-term passive income, and strong underlying real estate, this offering represents an ideal opportunity for investors seeking stability, brand security, and long-term cash flow. Built in 2023, the Property reflects Chipotle’s latest drive-thru Chipotlane prototype and is strategically positioned to serve both local commuters and regional travelers along one of the most heavily traveled interstates in the country. The lease includes 10% rental increases every five years, including throughout the four (4) five-year renewal options, offering reliable income growth and strong residual value. With its corporate guaranty, investment-grade credit (Moody’s: Baa1), and national brand recognition, Chipotle brings institutional-grade tenancy and a recession-resilient business model to this location. The site enjoys exceptional visibility and access from Interstate 70 and sits in a high-traffic retail corridor anchored by national tenants such as Starbucks and Texas Roadhouse. The immediate trade area also includes a Pepsi Bottling plant and five nationally branded hotels, all within a one-block radius, contributing to consistent foot traffic from travelers, business professionals, and hotel guests. Zanesville itself is a well-located micropolitan market that benefits from its proximity to Columbus, low cost of living, and growing investment in downtown revitalization. As one of the fastest-growing metros in the Midwest, Columbus offers a compelling backdrop for long-term investment. The city is home to five Fortune 500 companies, a diverse economy anchored by healthcare, logistics, tech, and education, and is experiencing sustained demographic growth that outpaces national trends. The combination of Chipotles’ global brand, a long-term corporate lease, and a high-visibility location along a major interstate positions this asset as a durable, cash-flowing investment in one of Central Ohio’s most strategically located commuter corridors.

FOR SALE DETAILS

PRICE

$2,071,000 USD

PRICE/SF

$891 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle Drive-Thru - I-70 Near Columbus

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

C-4

APN/PARCEL ID

84-59-01-02-000

ASK ABOUT THIS PROPERTY

David ChasinPegasus InvestmentsMore Info
310-691-1350

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

David ChasinPegasus InvestmentsMore Info
310-691-1350

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.