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Chipotle 1800 S Broadway 2,325 SF Retail Building Geneva, OH 44041 $3,182,000 ($1,368.60/SF) 5.50% Cap Rate
Investment Highlights
- Brand New 2026 completion location – Currently under construction, brand new prototype with Chipotlane.
- Chipotle Desert Location – Nearest Chipotle to this site is roughly ±14 miles away and a 15-minute drive time.
- Pricing based on year 2 NOI of $175,000 – Seller will credit difference at closing.
- 15 Year NNN Lease – Long term net lease with minimal LL responsibilities and sturdy rental increases to provide stable, long-term yield.
- SPIRE Academy Traffic Draw – SPIRE Academy provides space for Major Events for the NCAA and Olympic Organizations.
Executive Summary
Matt Wallace
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,325 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$3,182,000
Price Per SF
$1,368.60
Cap Rate
5.50%
NOI
$175,010
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.56 AC
Property Taxes
| Parcel Number | 220070003803 | Improvements Assessment | $104,370 |
| Land Assessment | $71,510 | Total Assessment | $175,880 |
Property Taxes
Parcel Number
220070003803
Land Assessment
$71,510
Improvements Assessment
$104,370
Total Assessment
$175,880
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Chipotle | 1800 S Broadway
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