5501 Warrensville Center Rd | Maple Heights, OH 44137
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- LoopNet Team
5501 Warrensville Center Rd
Maple Heights, OH 44137
Chipotle | New Construction | 11-Year Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New Construction Chipotle w/ Drive-Thru 11- Year Double-Net Lease in Maple Heights, OH (Cleveland MSA)
- Full 11 Initial Years of Term Remaining with 10% Rent Increases Every 5 Years
- Highly Dense Location with 14,440/1-Mi Population; Surrounded by Infill Streets of Single- and Multi-Family Housing
- Shell Construction is Complete; Anticipated October 2023 Grand Opening & Rent Commencement
- Corporate Guaranty from Chipotle Mexican Grill, Inc. (NYSE: CMG) - $58 Billion Market Cap & $8.6 Billion Revenue (FY2022)
- Minimal Landlord Responsibility – Roof/ Structure Only; TPO Roof w/ 20-Year Warranty
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.76 AC
Zoning
NC
Frontage
130’ on Warrensville Center Rd
PROPERTY TAXES
| Parcel Number | 783-19-025 | Improvements Assessment | $6,200 |
| Land Assessment | $165,100 | Total Assessment | $171,300 |
PROPERTY TAXES
Parcel Number
783-19-025
Land Assessment
$165,100
Improvements Assessment
$6,200
Total Assessment
$171,300
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