4100 Belmont Ave Youngstown, OH

Listing agency Goodman Real Estate Show Phone

Listed by Kyle Hartung · License #SAL.2003016343

Source Moodyscre

Added: Jan 6, 2024 Updated: Jul 6 at 10:17AM Checked: Jul 21 at 6:52AM

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Investment Insights

Based on property information with market context.

Available for sale to qualified investors is the fee simple interest in a corporate lease with Chipotle Mexican Grill, Inc., located in Youngstown, Ohio. The 2,325 square foot building features a drive-thru, indoor seating, and outdoor patio seating. The property is located at the Interstate 80 exit serving Liberty and Youngstown, Ohio, adjacent to Starbucks. The lease features a corporate guaranty and has 9 years of guaranteed term remaining with 10% increases every 5 years. Chipotle is responsible for the groundskeeping and parking lot. Also included is a transferable 20-year roof warranty. The property is surrounded by other retail, hospitality, and businesses, and is convenient to customers both locally and more regionally from adjacent Interstate 80 exits. Investment in this asset will offer the buyer the opportunity to own a corporate lease with a prototypical building with freeway access and exposure. The property can be used as a drive-through restaurant or a standard restaurant, or as a retail property.

Key Highlights

• Corporate lease with Chipotle Mexican Grill, Inc. with a corporate guaranty.
• 9 years of guaranteed lease term remaining with 10% rental increases every 5 years.
• Rare "hands‑off" Chipotle lease with Chipotle responsible for groundskeeping and parking lot maintenance.

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FAQs

What type of property is this?

Drive through restaurant - Corporate guaranteed Chipotle lease with drive-thru and freeway access.

Where is this drive through restaurant located?

The property is located at 4100 Belmont Ave Youngstown, OH.

What is the asking price?

The asking price for this property is $2,049,152.

What are key features of this property?

This property features: Corporate lease with Chipotle Mexican Grill, Inc. with a corporate guaranty.; 9 years of guaranteed lease term remaining with 10% rental increases every 5 years.; Rare "hands‑off" Chipotle lease with Chipotle responsible for groundskeeping and parking lot maintenance.