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Chipotle and LensCrafters - Strongsville, OH 17090 Royalton Rd 5,764 SF 100% Leased Retail Building Strongsville, OH 44136 $4,808,333 ($834.20/SF) 6% Cap Rate
Investment Highlights
- Backed by Chipotle Mexican Grill, Inc. (NYSE: CMG), a publicly traded Fortune 500 company with a market capitalization exceeding $70 billion.
- Chipotle has seen tremendous growth in recent years, averaging 11% annually over the past two years.
- Strongsville has a median household income of around ~$102,574 according to ACS data, indicating a relatively affluent, stable suburban population.
- LensCrafters is part of the global optical-retail network of EssilorLuxottica, one of the largest eyewear and optical groups in the world.
- Located in the highly trafficked SouthPark and Royalton Road corridor of Strongsville (a key suburban trade area).
- Chipotle continues to roll out its “Chipotlane” drive-thru format and advanced mobile-order pickup technology to enhance convenience and sales.
Executive Summary
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
Property Facts
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 2,310 SF
- $60.61
- Triple Net
- Mar 2033
Chipotle Mexican Grill began in 1993 as a fast-casual restaurant chain built around burritos and tacos, and the business has grown into a broader Mexican-inspired menu that also includes bowls, quesadillas, and salads. Chipotle Mexican Grill owns and operates restaurants and supports digital ordering, delivery or pickup, catering, group ordering, rewards, and other guest-facing services through its consumer channels. Chipotle Mexican Grill's purpose centers on cultivating a better world, with values tied to real ingredients, responsible sourcing, and an employee culture built around respect and inclusion. The company continues to expand its restaurant footprint, and digital sales remain a meaningful part of revenue.
-
- Retailer
- 3,454 SF
- $42.99
- Triple Net
- Apr 2033
LensCrafters began in 1983 as a retailer built around faster eyeglass service and has since grown into an optical brand within EssilorLuxottica's retail network. The company offers prescription eyeglasses, sunglasses, contact lenses, eye exams, lens treatments, and online ordering alongside in-store service. LensCrafters describes its business around personalized eye care, designer eyewear, premium lenses, and technology-supported vision services for customers seeking a full eyewear experience.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 2,310 SF | $60.61 | Triple Net | Mar 2033 | |
|
|
Retailer | 3,454 SF | $42.99 | Triple Net | Apr 2033 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 396-14-016 | Improvements Assessment | $283,920 |
| Land Assessment | $167,230 | Total Assessment | $451,150 |
Property Taxes
Presented by
Chipotle and LensCrafters - Strongsville, OH | 17090 Royalton Rd
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