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34712 Center Ridge Rd North Ridgeville, OH 44039

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For Sale
$2,261,592

Corporate lease with Chipotle in growing North Ridgeville, Ohio.

Lot size:
0.88 Acres

Property Features for 34712 Center Ridge Rd

General Information

Lot size
0.88 Acres

Source: Goodman Real Estate 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

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
North Ridgeville
County
Lorain
State
Ohio
Longitude
-82.0023217
Latitude
41.3959593

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.
More about this property
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