Chipotle - Dayton, OH_Property for Sale
Chipotle - Dayton, OH_Property for Sale
4125 Linden Ave, Dayton, OH, 45432, US

Chipotle - Dayton, OH

Asset Description

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 opened for business in May 2023.


BOR: Bill Poffenberger – License # OH 352247

...

Attributes

Asking price
€2,200,000
Building area gross
216 m²
Occupancy
100%
Year built
2023
Cap rate
5.35%
NOI
€118,000

Media

Investment Highlights

College Town Location

  • Positioned directly in between the University of Dayton and Wright State University with combined enrollment exceeding 22,000

Dense Surrounding Community

  • 11,000+ residents within 1-mile of the Asset

High Traffic Exposure

  • Immediate access to on and off ramps for US-35 (70,000+ VPD)

Near Wright-Patterson Airforce Base

  • Ohio's largest single-site employer

Top Market For Job Growth

  • Dayton’s year-over-year job growth increased by 15.3%, the largest growth of any Midwest city and the 6th largest in the United States

New Construction With Optimal Lease Terms

  • 2023 delivery leased to Chipotle on a 15-year net lease with rent escalations and multiple renewal options


Chipotle - Dayton, OH 4_Property for Sale
Chipotle - Dayton, OH 4_Property for Sale

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Chipotle - Dayton, OH (0 Properties)

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Last updated
11 Dec 2023