9825 Johnstown Rd New Albany, OH 43054

Building Details

Year Built

2024

Listing agency Passov Real Estate Group a***@passovgroup.com Show Phone

Listed by Alex Van Krevel · License #SAL2023005727

Source Passovgroup

Added: Jun 25 Updated: Jul 22 at 3:34PM Checked: Jul 23 at 3:41AM

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Investment Insights

Based on property information with market context.

Passov Group is pleased to present the opportunity to purchase a corporately guaranteed NNN Chipotle built in 2024 in New Albany, Ohio. The lease has 13.1 years remaining on the primary term, with a scheduled 10% rent increase on 6/1/2029 and every five years thereafter. As a new construction asset, the property is presented with zero deferred maintenance.

The site is positioned at a signalized intersection with direct frontage to Johnstown Rd (27,000 VPD) and immediate proximity to SR-161 (60,000 VPD), supporting strong visibility and convenient access for passing traffic.

Offered for sale as an NNN investment, the property’s rent structure includes periodic scheduled escalations tied to the lease, providing a predictable payment profile through the remaining primary term.

Key Highlights

• 2024‑built Chipotle on a corporately guaranteed NNN lease
• 13.1 years remaining on the primary lease term
• 10% rent increase scheduled 6/1/2029 and every five years thereafter

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FAQs

What type of property is this?

NNN property - Newly built 2024 Chipotle on an NNN lease with 13.1 years remaining and scheduled 10% rent escalations.

Where is this nnn property located?

The property is located at 9825 Johnstown Rd New Albany, OH.

What is the asking price?

The asking price for this property is $2,466,000.

What are key features of this property?

This property features: 2024‑built Chipotle on a corporately guaranteed NNN lease; 13.1 years remaining on the primary lease term; 10% rent increase scheduled 6/1/2029 and every five years thereafter