Property Description: 

Capital Commercial Partners is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a corporate guaranteed (NYSE: CMG), newly constructed Chipotle investment property located in Brunswick, OH (Cleveland-Elyria MSA). The tenant, Chipotle Mexican Grill of Colorado, LLC, recently signed a new 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and each option period, growing NOI and hedge against inflation. The lease is NN with limited landlord responsibilities (roof & structure) with 20-year roof warranty making it an ideal, management free investment opportunity for a passive investor. Chipotle is one of the nation's largest and most recognizable fast-casual restaurant brands, operating more than 3,700 company-owned restaurants across the United States. The site is equipped with a “Chipotlane” drive-thru, providing further ease and convenience for consumers.

Brunswick is a fast-growing, high-income suburb situated midway between Cleveland and Akron.

The primary economic drivers that sustain and fuel business growth around this immediate area include robust demographics and local spending. The subject intersection serves as the primary retail epicenter for Brunswick.

The area boasts an average household income in excess of $94,754 while the daytime traffic population exceeds 36,000. This strong demographic profile and substantial daily traffic generate consistent breakfast, lunch, and dinner demand along the Pearl Road commercial corridor. These factors were key considerations in Chipotle’s selection of this location over other potential sites