5995 Andrews Rd
Mentor, OH 44060
Chipotle Mexican Grill, Inc. · Local commercial Bien À vendre

For sale to qualified investors is the fee simple interest in a corporate lease with Chipotle Mexican Grill, Inc. (Nasdaq: CMG), located in Mentor-On-The-Lake, Ohio. The property is located on Andrews Road directly in front of a 66,000 square foot Giant Eagle grocery store, a dominant regional grocery chain providing a steady flow of daily needs customers to the property. As one of the top 15 locations in Giant Eagle’s 80+ store portfolio, Mentor-On- The-Lake draws thousands of shoppers on a daily basis. This Chipotle is located at the main traffic signalized entrance to Giant Eagle, ensuring that all daily grocery customers drive the property on a regularly. The building was completed in the summer of 2024 and features 13+ years of absolute NNN base term remaining plus options. The first rental increase is set to take place in just 3 years, providing the investor with a quick 50 bps increase to the cap rate in 2029. Featuring Chipotle’s newest NNN lease structure, this asset is hands-off to the owner. Additionally, the property is 1.45 acres in size, which provides future residual value and opportunity for additional development.