July 24, 2024 – Greg Moore and Monique Maldonado of Horvath & Tremblay have successfully completed the sale of Chipotle in Chillicothe, Ohio. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,552,631.
Chipotle is located at 6 St Andrews Boulevard in Chillicothe, Ohio. The new construction Chipotle consists of a 2,325 square foot building with a Chipotlane (drive thru). Chipotle has a new 15-year Absolute NNN Lease with four (4), five-year renewal options and features 10% rent increases every five years throughout the base term and option periods. The property is extremely well located at the intersection of St Andrews Boulevard and Western Avenue (US Highway 50), the area’s primary commercial and commuter corridor. The new construction Chipotle is adjacent to a Kroger anchored shopping center and is surrounded by national retailers and restaurants that drive traffic to the area. Additionally, the Property is surrounded by densely populated residential neighborhoods and area schools that provide a built-in customer base. Chipotle is 1-mile from Ohio University – Chillicothe Campus and offers convenient access to US Highways 23 and 35. Chillicothe is located 45 miles south of Columbus, Ohio.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.