1235 Columbus AveLebanon, OH 45036

Property Details for 1235 Columbus Ave

Year built

2023

Lot size

0.80 AC

Property size (Sq ft)

2,443 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple interest in a brand-new, 2,443 square-foot Chipotle Mexican Grill located at 1235 Columbus Ave, Lebanon, OH 45036. Built in 2023, this single-tenant property boasts a 14.1-year remaining lease term with a corporate guarantee, offering significant passive income potential. The lease includes 10% rent bumps every five years and four, five-year renewal options, ensuring long-term stability. The property sits on a 0.8-acre lot in a high-traffic area with 11,390 vehicles passing daily on Columbus Avenue, which intersects with US-42 (21,950 VPD). The strong location is further enhanced by its proximity to a high-performing Kroger, attracting 1.5 million annual visitors, and a top-performing strip center. The average household income within a five-mile radius is $119,000, reflecting a robust consumer base. The property's Net Operating Income (NOI) is $140,430, resulting in a 5.50% cap rate and a price per square foot of $1,045.03. This investment offers a compelling combination of strong tenant, long-term lease, and prime location within the Cincinnati MSA, making it an attractive addition to any portfolio. The asking price is $2,553,000. The property benefits from a 100% occupancy rate and significant population growth (8.2% in the past 10 years) within a five-mile radius. This is a rare opportunity to acquire a high-performing, corporately-guaranteed, net-leased asset with exceptional long-term prospects.

Location Insight

City

Lebanon

County

Warren

State

Ohio

Latitude

39.4531

Longitude

-84.1815

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].