Chipotle Mexican Grill NNN Property For Sale — Geneva, OH
1800 S Broadway, Geneva, OH 44041
This is an exclusive opportunity to acquire a fee simple interest in a Chipotle Mexican Grill property located at 1800 S Broadway in Geneva, OH. This newly constructed 2,325 square-foot single-tenant building, situated on 1.56 acres, benefits from a strategic location at the entrance of the SPIRE Academy, a world-class facility drawing over 1 million visitors annually. The property features a new 15-year absolute NNN lease with 10% rental increases every five years, offering a long-term stable asset in a high-traffic corridor with significant growth potential. The location is further enhanced by its proximity to national retailers and market drivers, including Starbucks, Wendy's, and McDonald's, at a signalized intersection.
- Address: 1800 S Broadway, Geneva, OH 44041
- Asking price $3.07M
- 5.70% cap rate
- NOI $174,997
- 15 years remaining
- nn lease
- Year built: 2026
- Building size: 2,325 SF
- Lot size: 1.56 acres
- Lease expiration: Feb 1, 2041
- Rent increases: Year 1-5: $175,000; Year 6-10: $192,500; Year 11-15: $211,750
- Guarantor: Corporate
Location
This Chipotle Mexican Grill property is at 1800 S Broadway in Geneva, Ohio.
Asset type: Retail