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Just Reduced! New 15 Yr. Chipotle | 5.5% CAP 902 Scott Dr 2,325 SF 100% Leased 4-Star Retail Building Piqua, OH 45356 $2,840,000 ($1,221.51/SF) 5.50% Cap Rate



INVESTMENT HIGHLIGHTS
- Just Reduced to Attractive 5.5% CAP! | Corporate, Single-Tenant Location with High-Profile, Publicly Traded Chipotle Mexican Grill (NYSE: CMG)
- NN Lease with No Daily Management Responsibilities, Tenant Responsible for All Roof R&M, As Well As Replacement
- Positioned w/ Excellent Access & Visibility Along Piqua’s Main Roadway(US 36) & Directly Adjacent to Major Highway I-75, 76k+ VPD Surrounding Proper
- Brand-New Lease with a Full 15 Years of Term Remaining (No Early Termination Rights) and 10% Rental Increase in Years 6 & 11
- Ideal Demographics with Average Household Incomes of Approx. $80,000 (5 Mile Radius) in a Growing Residential Community
- Redeveloped Parcel with Adjacent, Brand-New Hampton Inn and Brand-New Olive Garden for Continued Increased Foot Traffic
EXECUTIVE SUMMARY
• Corporate, Single-Tenant Location with High-Profile, Publicly Traded Chipotle Mexican Grill (NYSE: CMG): Brand-New Lease with a Full 15 Years of Term Remaining (No Early Termination Rights) and 10% Rental Increase in Years 6 & 11
• Brand-New Construction: Anticipated Opening on September 23, 2025 (Rent Commences on Opening Date)
• NN Lease with No Daily Management Responsibilities, Tenant Responsible for All Roof R&M, As Well As Replacement
• Redeveloped Parcel with Adjacent, Brand-New Hampton Inn and Brand-New Olive Garden for Continued Increased Foot Traffic
• Ideal Demographics with Average Household Incomes of Approx. $80,000 (5 Mile Radius) in a Growing Residential Community with Emerging Employers, Commuter Traffic and Strategic Location Equidistant from Both Major Cities, Cincinnati and Columbus, Ohio
• Strong Tenancy: Over 3,200 Restaurants Worldwide and 2024 Revenue of $11.314 Billion, Representing a 14.61% Increase Over the Previous Year
• Positioned with Excellent Access and Visibility Along Piqua’s Main Roadway (US 36) and Directly Adjacent to Major Highway I-75, with Over 76,000 VPD Surrounding the Property
• Latest Chipotle “Prototype Look” Including Chipotlane Drive-Thru and Highly Visible Pylon Signage
• Sits Across from Kettering Health Piqua, Premier Health Women’s Center, Numerous Other Medical Offices, Insurance Agencies, Social Security Administration and Board of Education Office Drawing Traffic to the Corridor
• Largest Single Site Employer in Ohio: Home to Wright-Patterson Air Force Base with 30,000 Airmen, Civilian and Contractor Employees
• Direct Vicinity of Home Depot/Miami Valley Crossing Shopping Center and Walmart Supercenter in Main Retail Corridor Surrounded by Loads of Other Complimentary Retailers
• Dayton Rated #3 City in the Nation Out of the Top 50 Cities in the United States by HealthGrades for “Excellence in Health Care,” Site Selection Magazine Ranked Dayton the “#1 Medium Sized MSA in the U.S. for Economic Development” and According to Bloomberg Businessweek, “Dayton is One of the Best Places in the U.S. for College Graduates to Find a Job”
• Large Population Base: Over One Million People in the Greater Dayton Area and Only 22 Miles to Dayton International Airport
• Brand-New Construction: Anticipated Opening on September 23, 2025 (Rent Commences on Opening Date)
• NN Lease with No Daily Management Responsibilities, Tenant Responsible for All Roof R&M, As Well As Replacement
• Redeveloped Parcel with Adjacent, Brand-New Hampton Inn and Brand-New Olive Garden for Continued Increased Foot Traffic
• Ideal Demographics with Average Household Incomes of Approx. $80,000 (5 Mile Radius) in a Growing Residential Community with Emerging Employers, Commuter Traffic and Strategic Location Equidistant from Both Major Cities, Cincinnati and Columbus, Ohio
• Strong Tenancy: Over 3,200 Restaurants Worldwide and 2024 Revenue of $11.314 Billion, Representing a 14.61% Increase Over the Previous Year
• Positioned with Excellent Access and Visibility Along Piqua’s Main Roadway (US 36) and Directly Adjacent to Major Highway I-75, with Over 76,000 VPD Surrounding the Property
• Latest Chipotle “Prototype Look” Including Chipotlane Drive-Thru and Highly Visible Pylon Signage
• Sits Across from Kettering Health Piqua, Premier Health Women’s Center, Numerous Other Medical Offices, Insurance Agencies, Social Security Administration and Board of Education Office Drawing Traffic to the Corridor
• Largest Single Site Employer in Ohio: Home to Wright-Patterson Air Force Base with 30,000 Airmen, Civilian and Contractor Employees
• Direct Vicinity of Home Depot/Miami Valley Crossing Shopping Center and Walmart Supercenter in Main Retail Corridor Surrounded by Loads of Other Complimentary Retailers
• Dayton Rated #3 City in the Nation Out of the Top 50 Cities in the United States by HealthGrades for “Excellence in Health Care,” Site Selection Magazine Ranked Dayton the “#1 Medium Sized MSA in the U.S. for Economic Development” and According to Bloomberg Businessweek, “Dayton is One of the Best Places in the U.S. for College Graduates to Find a Job”
• Large Population Base: Over One Million People in the Greater Dayton Area and Only 22 Miles to Dayton International Airport
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
2,325 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2025
Price
$2,840,000
Price Per SF
$1,221.51
Cap Rate
5.50%
NOI
$156,112
Percent Leased
100%
Building Height
1 Story
Building FAR
0.09
Lot Size
0.61 AC
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Security System
- Signalized Intersection
- Drive Thru
- Wheelchair Accessible
- Monument Signage
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Chipotle Mexican Grill (NYSE: CMG)
- -
- 2,325 SF
- -
- Triple Net
- Oct 2040
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Chipotle Mexican Grill (NYSE: CMG) | - | 2,325 SF | - | Triple Net | Oct 2040 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $37,280 | Total Assessment | $37,280 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$37,280
Improvements Assessment
$0
Total Assessment
$37,280
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Just Reduced! New 15 Yr. Chipotle | 5.5% CAP | 902 Scott Dr
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