Chipotle

The New Albany submarket delivers one of the most exceptional consumer profiles in the Columbus MSA, with a median household income of $238,250 and an average approaching $345,000, more than triple the statewide median. The city serves as global headquarters for Abercrombie & Fitch, Lane Bryant, Victoria's Secret, and others, generating a deep professional-class resident base, while Giant Eagle Market District immediately adjacent provides sustained daily traffic that directly underpins retail performance. New Albany's employment base is undergoing a generational transformation anchored by Intel's $20 billion semiconductor campus, the largest single private investment in Ohio history, alongside multi-billion-dollar commitments from Amazon Web Services and Google, with the New Albany International Business Park attracting more than $47 billion in private investment and tens of thousands of direct and indirect jobs. The broader Columbus MSA reinforces the submarket's foundation as the fastest-growing metro in the Midwest, now a $182B GDP economy and the #3 hyperscale data center market in the country, with commitments from Meta, Google, and Amazon supporting structural long-term demand.Passov Group is pleased to present the opportunity to purchase a corporately guaranteed NNN Chipotle in New Albany, OH, built in 2024 with 13.1 years remaining on the primary lease term and a 10% rent increase scheduled 6/1/2029 and every five years thereafter. The property is offered at $2,466,000 (5.00% cap rate) reflecting $123,291 in annual base rent, positioned on a signalized intersection with direct frontage to Johnstown Rd (27,000 VPD) and immediate proximity to SR-161 (60,000 VPD). As a new construction asset, the property requires zero deferred maintenance, a meaningful distinction in today's NNN market where vintage product carries increasing operational risk. Chipotle's site selection in Ohio's wealthiest community reflects the fundamental strength of the trade area, and the same supply constraints that attract retailers make relocation effectively a non-option, anchoring tenancy to this corner long term.