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28746391
28746392

17090 Royalton Rd, Strongsville, OH 44136

SR
OH REC.2020005946, CA 02101543 (+42)
ParaSell Inc
CW
TX 796321
Sands Investment Group Austin
DW
CA CA 01932693, TX 839305
Sands Investment Group
MF
TX TX 644481, CA CA 01875150 (+1)
Sands Investment Group
Sands Investment Group
Listed by ParaSell Inc, Sands Investment Group Austin, Sands Investment Group
$4,808,333
202 days on market
Updated 63 days ago

Chipotle and LensCrafters - Strongsville, OH

Details
Property Type Retail
Sub Type QSR/Fast Food, Shopping Center (+1)
Square Footage 5,764
Cap Rate 6%
NOI $288,500
Occupancy 100%
Tenancy Multi
Brand/Tenant Chipotle, Chipotle Mexican Grill, Inc. (+1)
Lease Type NNN
Rent Bumps Yes
Lease Options Varies
Price per SqFt $834
Class A
Year Built 2022
Acreage 1.100
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Chipotle & LensCrafters - NNN Leases | High-Traffic Retail Corridor - Cleveland MSA

Marketing description

We are pleased to exclusively offer for sale the 5,764 SF Chipotle & LensCrafters property located at 17090 Royalton Rd in Strongsville, OH. The property is strategically positioned along the highly trafficked SouthPark and Royalton Road corridor, a premier suburban trade area in Strongsville.

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Investment highlights

  • Backed by Chipotle Mexican Grill, Inc. (NYSE: CMG), a publicly traded Fortune 500 company with a market capitalization exceeding $70 billion (as of 2025).

  • LensCrafters is part of the global optical-retail network of EssilorLuxottica, one of the largest eyewear and optical groups in the world, generating over $25 billion annually. This tenant offers a unique mix of retail fashion and healthcare necessities. They operate 900+ retail locations across North America, including freestanding stores, lifestyle centers, and in-mall formats.

  • Chipotle has seen tremendous growth in recent years, averaging 11% annually over the past two years.

  • Located in the highly trafficked SouthPark and Royalton Road corridor of Strongsville (a key suburban trade area).

  • Strongsville has a median household income of around ~$102,574 according to ACS data, indicating a relatively affluent, stable suburban population.

  • Chipotle continues to roll out its “Chipotlane” drive-thru format and advanced mobile-order pickup technology to enhance convenience and sales, positioning locations like this one for long-term success.

  • The property is situated along the SouthPark Mall corridor, Strongsville’s premier retail destination, surrounded by top national retailers, restaurants, and daily needs services.

Listing Contacts

SR
OH REC.2020005946, CA 02101543 (+42)
ParaSell Inc
CW
TX 796321
Sands Investment Group Austin
DW
CA CA 01932693, TX 839305
Sands Investment Group
MF
TX TX 644481, CA CA 01875150 (+1)
Sands Investment Group
Sands Investment Group
Listed by ParaSell Inc, Sands Investment Group Austin, Sands Investment Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$288,500.00
$24,041.67/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

Map

Zoning

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SC CommercialSpecial CommercialShopping Center
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Scott Reid
License
OH #BRKP.2020001224
Brokerage
ParaSell, Inc.
Title
Broker of Record
Brokerage Address
In Association With Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Ohio Broker Lic. #BRKP.2020001224 | Licensed in AL, AR, AZ, CA, CO, CT, DC, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NY, NV, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
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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