December 1, 2021 – Mike Lombardi of Horvath & Tremblay has successfully completed the sale of Chipotle in Moraine, Ohio. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,305,000.
Chipotle is located at 1925 West Dorothy Lane in Moraine, Ohio. Chipotle is in a redeveloped building consisting of 4,221 square feet and featuring their new prototype with a Chipotlane (drive thru). Chipotle signed a new 10-year lease with four (4), five-year renewal options and rent increases of 10% every five years throughout the base term and options periods. The property benefits from excellent visibility on Dorothy Lane, a major East/West thoroughfare with 19,800 cars per day, and is just off of Interstate 75 and State Route 48, which offer direct access to downtown Dayton and Cincinnati. Chipotle is in a strategic location as an outparcel to a Walmart Supercenter and surrounded by numerous office and industrial parks. The area has a strong employee population with over 115,000 employees within a 5-mile radius, and is also close to the University of Dayton with over 11,000 students.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.