US - Lubbock, TX
IDR 151,147,806,000 | 6,548 m²
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale a brand-new construction, single tenant Chipotle (the “Property” or “Asset”) offering in Dayton, OH. The Asset’s strategic positioning next to on and off ramps for US-35 benefits from exposure to over 70,000 VPD. Additionally, the Asset sits directly in between two major universities, downtown Dayton, and Wright-Patterson Airforce Base, Ohio’s largest single-site employer. More than 11,000 people live within 1-mile of the Asset, making it one of the densest residential areas in the Dayton MSA.
Chipotle will operate on a 15-year lease with contractual increases of 10% every 5 years and multiple renewal options. The net lease features a corporate guaranty from Chipotle Mexican Grill, Inc. minimizing any short-term investment risk.
The Property offers a rare opportunity to acquire an industry leading tenant on a long-term, net lease in a top job growth market in the Midwest. The tenant is expected to open for business by Summer 2023.
BOR: Bill Poffenberger – License # OH 352247
College Town Location
Dense Surrounding Community
High Traffic Exposure
Near Wright-Patterson Airforce Base
Top Market For Job Growth
New Construction With Optimal Lease Terms