Corporately Guaranteed NNN
For Sale
$2,466,000
9825 Johnstown Rd, New Albany, OH 43054
Newly built 2024 Chipotle on an NNN lease with 13.1 years remaining and scheduled 10% rent escalations.
Property Size2,394 SF
Days on Market75
Property Features for 9825 Johnstown Rd
General Information
Standard status
Active
Size
2,394 SF
Property subtype
Single Tenant Net Lease
Site & Location
Traffic Count
27,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
5%
Building Details
Building Size
2,394 SF
Year Built
2024
Listing Agency:
Passov Real Estate Group
Listed By:
Alex Van Krevel · License #SAL.2018001867
(614) 949-3460
Source:
Passovgroup
Added: Jun 25
Changed: Sep 6
Last Checked: Sep 7 at 6:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Passov Real Estate Group
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.
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
Property Analytics
Current Use
Lease Details
27,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
Explore this area
Business Placement
Demographics for 43054, OH
27,781
Population
11,577
Households
2.4
Avg Household Size
36
Median Age
65%
College-Educated
97%
High-School Grad
25.7 sq mi
ZIP Area
1,081
Density / Sq Mi
$139,679
Median Household Income
$75,539
Median Earnings
$1,808
Median Rent
$483,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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
