Chipotle - Lebanon, OH

Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to offer for sale the fee-simple interest in a single-tenant Chipotle Mexican Grill (the “Property” or “Asset”) located in Lebanon, OH (Cincinnati MSA). Chipotle Mexican Grill is one of the largest and most recognized fast casual restaurant chains in the world with over 3,400 locations globally, and the Asset is shadow-anchored by Kroger, which sees 1.5 million annual visitors and ranks in the top 4% of Kroger locations in the nation.

The Property was purpose-built for Chipotle in 2023 and currently has ±14.4 years of lease term remaining , 10% rental increases every 5-years and four, five-year renewal options.

The Property sits within an active commercial corridor featuring frontage along Columbus Avenue (11,390 VPD), with robust demand from a middle-upper class consumer base featuring an average household income of $120K in the 5-miles surrounding the Asset. Directly across the street from the Property, the Lebanon North Center is in the top 30% of most visited strip-centers in Ohio, and in the top third in the nation (Placer.ai).

The Offering provides investors with the opportunity to acquire a new-construction, purpose-built Chipotle with long-term, corporately-guaranteed, passive income in a strong submarket of Cincinnati.