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2816 Rombach
Wilmington, OH 45177
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- LOCATED AS AN OUTPRCEL TO A WALMART SUPERSTORE | The Property is located as an out parcel to a Walmart Superstore, which has over 1.5M annual visits
- INDUSTRY-LEADING TENANCY | Chipotle Mexican Grill, Inc., is one of the largest and most recognized fast-casual restaurant chains in the world
- PROXIMITY TO TRANSPORTATION LINKS | Property is located just off the intersection of US 22 (15,000 VPD) and SR 73 (15,000 VPD)
- FAVORABLE LEASE ECONOMICS | Brand-new construction building leased to Chipotle on a 15-year lease with a corporate guaranty, 10% increases - 5 Yrs
- STRATEGICALLY LOCATED REAL ESTATE | The site is adjacent to traffic generators such as the Wilmington Air Park
EXECUTIVE SUMMARY
Graystone Capital Advisors is pleased to offer for sale a brand-new construction, single-tenant Chipotle (the “Property” or “Asset”) in Wilmington, OH. Chipotle is on a 15-year NNN lease with contractual rent increases of 10% every 5 years and minimal landlord responsibilities. The lease also features a corporate guaranty from Chipotle Mexican Grill, Inc. minimizing any short-term investment risk. The Property offers a rare opportunity to acquire an industry-leading tenant on a long-term lease. The Asset is located in Wilmington, a submarket within Clinton County in Ohio. The Property will also benefit from the highly trafficked Walmart Supercenter, which has over 1.5+ million visits annually (per Placer.ai), located directly south of the property. In addition, the asset is ideally positioned near the intersection of US 22 and SR 73 with direct exposure to 30,000 VPD. The area is affluent, with an average household income of nearly $100,000 within a 1-mile radius of the site.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Building Class
B
Year Built
2022
Price
$2,548,930 CAD
Price Per SF
$1,096.31 CAD
Cap Rate
5.30%
NOI
$135,162 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.01 AC
Opportunity Zone
Yes
Parking
34 Spaces
AMENITIES
- Restaurant
PROPERTY TAXES
| Parcel Number | 290-18-05-15-0000-00 | Improvements Assessment | $225,393 CAD |
| Land Assessment | $156,607 CAD | Total Assessment | $382,000 CAD |
PROPERTY TAXES
Parcel Number
290-18-05-15-0000-00
Land Assessment
$156,607 CAD
Improvements Assessment
$225,393 CAD
Total Assessment
$382,000 CAD
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