Cave Springs Shopping Center
US - Saint Peters, MO
176,804 sf
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale a brand-new construction, single tenant Chipotle (the “Property” or “Asset”) in Wilmington, OH. Chipotle is on a 10-year lease with contractual increases of 10.0% every 5 years and minimal landlord responsibilities. The lease also 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 lease.
The Asset is located in Wilmington, a submarket within Clinton County in Ohio. The Property will also benefit from the highly trafficked Walmart Supercenter, which has 1.5+ million visits annually (per Placer.ai), located directly south of the property. In addition, the asset is ideally positioned near the intersection of US 22 and SR 73 with direct exposure to 30,000 VPD. The area is affluent, with average household income of nearly $100,000 within a 1-mile radius of the site.
Additional Broker: Bill Poffenberger
License #: OH - 352247
LOCATED AS AN OUTPRCEL TO A WALMART SUPERSTORE
FAVORABLE LEASE ECONOMICS
INDUSTRY LEADING TENANCY
STRATEGICALLY LOCATED REAL ESTATE
PROXIMITY TO TRANSPORTATION LINKS