34712 Center Ridge Rd North Ridgeville, OH 44039
Property Features for 34712 Center Ridge Rd
General Information
- Lot size
- 0.88 Acres
Source:
Moodyscre
Listing Agent: Kyle Hartung
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
New Chipotle Restaurant Investment Opportunity
This property offers a fee simple interest in a corporate lease with Chipotle Mexican Grill, Inc. The building, completed in the fall of 2023, is located on Center Ridge Road in North Ridgeville, Ohio, directly in front of Marc’s Grocery, a 55,000 SF regional grocery chain. The lease provides over 14 years of corporately guaranteed base term remaining plus options. Rent increases every 5 years at a rate of 10% starting in year 6 of the lease. North Ridgeville has been the fastest-growing suburb in the greater Cleveland, Ohio, area during the past 20 years. From 2021 to 2022, the population grew another 1.71%, while median incomes grew another 8.57%. The property is within a few blocks of North Ridgeville High School and is nearby the community’s other retail and shopping amenities.
Location Intelligence
Current Use by Public Records
Conventional restaurants
Location Insight
- Map
- Local Demand
- City
- North Ridgeville
- County
- Lorain
- State
- Ohio
- Longitude
- -82.0023217
- Latitude
- 41.3959593
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Corporate lease with Chipotle in growing North Ridgeville, Ohio.
Where is this conventional restaurant located?
The property is located at 34712 Center Ridge Rd North Ridgeville, OH.
What is the asking price?
The asking price for this property is $2,261,592.
What are key features of this property?
This property features: - Corporate lease with Chipotle Mexican Grill, Inc. (Nasdaq: CMG) with over 14 years of base term remaining plus options.; - Located in North Ridgeville, Ohio, the fastest-growing suburb in the greater Cleveland area.; - Rent increases every 5 years at a rate of 10% starting in year 6 of the lease.