Asking Price
Area Size
NOI Net Operating Income
Cap Rate

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2022
Building Area Gross
Land Area Gross ()
Occupancy 100.0 %

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale a brand-new construction, single tenant Chipotle (the “Property” or “Asset”) in Batavia, OH. Chipotle is on a 10-year lease with contractual increases of 7.5% 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 Batavia, a submarket within Clermont County, where there has been 24.2% growth over the past two years and the average annual household income within a 1-mile radius is nearly $120,000. The Property is accessible to the highly-trafficked State Road 32 (“SR-32”) with direct exposure to 36,000 VPD. Clermont County has received over $162 million to investment in this corridor. Upon completion, officials project an increase to 79,000 VPD, 3,500 additional jobs created, and $1.5 billion in economic impact for the surrounding community. 


Additional Broker:  Bill Poffenberger

License #: OH - 352247

Investment highlights

FAVORABLE LEASE ECONOMICS

  • Brand-new construction building leased to Chipotle on a 10-year lease with a corporate guaranty requiring minimal future landlord responsibilities


INDUSTRY LEADING TENANCY

  • Chipotle Mexican Grill, Inc., is one of the largest and most recognized fast-casual restaurant chains in the world with over 2,918+ locations across North America and Europe


SURROUNDED BY FAVORABLE DEMOGRAPHICS

  • The Property is in a developing area with 24.2% population growth and an average income of $119,334 within a 1-mile radius


SITUATED NEARBY A DOMINANT HOSPITAL SYSTEM

  • The Asset is proximate to Mercy Health, a regional hospital in Batavia that has 165+ hospital beds and nearly $600M in revenue


PROXIMITY TO STRONG TRANSPORTATION LINKS

  • Property is located just off SR-32, which will have over $162 million of investments to bring VPD to 79,000 by 2030, create over 3,500 new jobs, and bring $1.5 billion of economic impact into the area
Last Updated Date: 11 Aug 2022

Please enter your corporate email account in the email field. We may not be able to reply to your personal email account or free email address such as Gmail or Yahoo Mail.

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry, providing information such as our services and events.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 11 Aug 2022

Do you have any questions?  Visit our FAQ page

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

Please go to the below link for our commitment to compliance (Japanese only).

https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.