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17090 Royalton Rd
Strongsville, OH 44136
Chipotle and LensCrafters - Strongsville, OH · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Backed by Chipotle Mexican Grill, Inc. (NYSE: CMG), a publicly traded Fortune 500 company with a market capitalization exceeding $70 billion.
- Chipotle has seen tremendous growth in recent years, averaging 11% annually over the past two years.
- Strongsville has a median household income of around ~$102,574 according to ACS data, indicating a relatively affluent, stable suburban population.
- LensCrafters is part of the global optical-retail network of EssilorLuxottica, one of the largest eyewear and optical groups in the world.
- Located in the highly trafficked SouthPark and Royalton Road corridor of Strongsville (a key suburban trade area).
- Chipotle continues to roll out its “Chipotlane” drive-thru format and advanced mobile-order pickup technology to enhance convenience and sales.
EXECUTIVE SUMMARY
We are pleased to exclusively offer for sale the 5,764 SF Chipotle & LensCrafters property located at 17090 Royalton Rd in Strongsville, OH. The offering is backed by Chipotle Mexican Grill, Inc. (NYSE: CMG), a publicly traded Fortune 500 company with a market capitalisation exceeding $70 billion (as of 2025). The property is strategically positioned along the highly trafficked SouthPark and Royalton Road corridor, a premier suburban trade area in Strongsville. Additionally, LensCrafters is part of the global opticalretail network of EssilorLuxottica, one of the largest eyewear and optical groups in the world, providing another strong credit tenant.
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,764 SF
Building Class
B
Year Built
1977
Price
$6,915,619 CAD
Price Per SF
$1,199.80 CAD
Cap Rate
5.75%
NOI
$397,648 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.10 AC
Zoning
C, Strongsville
Parking
60 Spaces (10.41 Spaces per 1,000 SF Leased)
Frontage
83’ on Royalton Rd
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 396-14-016 | Improvements Assessment | $501,014 CAD |
| Land Assessment | $276,689 CAD | Total Assessment | $777,703 CAD |
PROPERTY TAXES
Parcel Number
396-14-016
Land Assessment
$276,689 CAD
Improvements Assessment
$501,014 CAD
Total Assessment
$777,703 CAD
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