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26872468
26872469

695 Zane St, Zanesville, OH 43701

SR
OH REC.2020005946, CA 02101543 (+42)
ParaSell Inc
DC
CA 01513027
Pegasus Investments
DA
CA CA 02011508
Pegasus Investments
CA
CA 02181089
Pegasus Investments
AL
CA 02229801
Pegasus Investments
Listed by ParaSell Inc, Pegasus Investments
$1,980,000
272 days on market
Updated 19 days ago

Chipotle Drive-Thru - I-70 Offramp Location Near Columbus

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,325
Units 1
Cap Rate 5.75%
NOI $113,925
Occupancy 100%
Tenancy Single
Brand/Tenant Chipotle
Lease Type NN
Lease Expiration 03/31/2033
Remaining Term 8
Rent Bumps Yes
Lease Options (4), 5-Year
Broker Co-Op Yes
Year Built 2023
Buildings 1
Stories 1
Acreage 0.600
Zoning C-4
Parking Spaces 19 spaces
Parking Per SqFt 8.17
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/13/2023
Occupancy Date 03/13/2023
Ownership Fee Simple

High Performing Store (2x National Sales Average)

Marketing description

Pegasus Investments Real Estate Advisory Inc., in conjunction with ParaSell Inc., is pleased to present the opportunity to acquire the fee simple interest in a newly constructed, high-performing, single-tenant Chipotle drive-thru in Zanesville, Ohio. Positioned just east of Columbus along the I-70 corridor, this strategic interstate-adjacent location has demonstrated exceptional performance, generating sales at nearly twice the national average. The Property is secured by a new 10-year corporate net lease with Chipotle (NASDAQ: CMG), the world’s largest coffeehouse chain. Featuring minimal landlord responsibilities, long-term passive income, and strong underlying real estate, this offering represents an ideal opportunity for investors seeking stability, brand security, and long-term cash flow.

Built in 2023, the Property reflects Chipotle’s latest drive-thru Chipotlane prototype and is strategically positioned to serve both local commuters and regional travelers along one of the most heavily traveled interstates in the country. The lease includes 10% rental increases every five years, including throughout the four (4) five-year renewal options, offering reliable income growth and strong residual value. With its corporate guaranty, investment-grade credit (Moody’s: Baa1), and national brand recognition, Chipotle brings institutional-grade tenancy and a recession-resilient business model to this location.

The site enjoys exceptional visibility and access from Interstate 70 and sits in a high-traffic retail corridor anchored by national tenants such as Starbucks and Texas Roadhouse. The immediate trade area also includes a Pepsi Bottling plant and five nationally branded hotels, all within a one-block radius, contributing to consistent foot traffic from travelers, business professionals, and hotel guests. Zanesville itself is a well-located micropolitan market that benefits from its proximity to Columbus, low cost of living, and growing investment in downtown revitalization.

As one of the fastest-growing metros in the Midwest, Columbus offers a compelling backdrop for long-term investment. The city is home to five Fortune 500 companies, a diverse economy anchored by healthcare, logistics, tech, and education, and is experiencing sustained demographic growth that outpaces national trends. The combination of Chipotles’ global brand, a long-term corporate lease, and a high-visibility location along a major interstate positions this asset as a durable, cash-flowing investment in one of Central Ohio’s most strategically located commuter corridors.

Investment highlights

  • High performing Store - Nearly 2x the national sales average (Contact broker for more details)

  • Prime I-70 Location - Excellent visibility and access along a major interstate connecting Columbus to key Midwest and East Coast markets

  • High-Traffic Retail Corridor - Adjacent to Texas Roadhouse and Starbucks, with strong national co-tenancy

  • Strong Hotel Density - Surrounded by five nationally branded hotels within one block, driving consistent daily traffic

  • Columbus Growth Market - Located just 50 miles east of Columbus, one of the fastest-growing metros in the Midwest, home to five Fortune 500 companies

  • 10-Year Corporate Net Lease - Leased directly to Chipotle (NASDAQ: CMG) with minimal landlord responsibilities

  • Investment-Grade Credit - Backed by a corporate guaranty from Chipotle (Moody’s: Baa1)

  • Built-In Rent Growth - 10% rental increases every 5 years, including during (4) 5-year renewal options

  • New 2023 Construction - Features Chipotle’s latest prototype with a high-volume Chipotlane drive-thru

Listing Contacts

SR
OH REC.2020005946, CA 02101543 (+42)
ParaSell Inc
DC
CA 01513027
Pegasus Investments
DA
CA CA 02011508
Pegasus Investments
CA
CA 02181089
Pegasus Investments
AL
CA 02229801
Pegasus Investments
Listed by ParaSell Inc, Pegasus Investments

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$113,925.00
$9,493.75/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Scott Reid
License
BRKP.2020001224 (OH)
Brokerage
ParaSell, Inc.
Brokerage Phone
(949) 942-6578
Title
Broker of Record
Name
Scott Reid
License
REC.2020005946
Brokerage Phone
(949) 942-6578
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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