Highlights
• High-performing Chipotle store, nearly 2x national average sales. • Interstate 70 offramp location, serving high-growth Columbus metro traffic. • Corporate-guaranteed lease by Chipotle (Moody’s: Baa1). • Adjacent new Starbucks also performing at 2x national average sales. • Located 50 miles east of Columbus, a fast-growing metro with five Fortune 500 companies. • High-traffic retail corridor, next to Texas Roadhouse and Starbucks, with strong national co-tenancy.
Description
Pegasus Investments Real Estate Advisory Inc., in partnership with ParaSell Inc., is pleased to offer the opportunity to acquire the fee simple interest in a newly constructed, high-performing Chipotle drive-thru located in Zanesville, Ohio, just east of Columbus along the I-70 corridor. This prime interstate-adjacent site has demonstrated exceptional performance, achieving sales nearly double the national average. The Property is secured by a new 10-year corporate net lease with Chipotle Mexican Grill (NASDAQ: CMG), offering investors a passive, stable income stream backed by an investment-grade tenant (Moody’s: Baa1). With minimal landlord responsibilities, strong credit, and premium real estate fundamentals, the offering presents a rare opportunity for investors seeking dependable cash flow and long-term value appreciation. Completed in 2023, the Property features Chipotle’s latest “Chipotlane” prototype, designed for efficient drive-thru and mobile order pickup service—enhancing operational throughput and customer convenience. The lease includes 10% rent increases every five years, continuing through four (4) five-year renewal options, providing built-in income growth and excellent residual value. Backed by Chipotle’s corporate guaranty and a recession-resilient, fast-casual business model, the investment delivers institutional-grade security with minimal management requirements. Strategically positioned with direct visibility and access from Interstate 70, the site benefits from heavy daily commuter and traveler traffic. The surrounding retail corridor is anchored by Starbucks, Texas Roadhouse, and several national hotel brands, creating steady consumer activity from both local residents and transient visitors. The immediate trade area also features key employers such as the Pepsi Bottling Plant, contributing to weekday traffic and consistent demand. Zanesville, a growing micropolitan market east of Columbus, offers a low cost of living, ongoing downtown revitalization efforts, and easy access to Central Ohio’s expanding economy. The broader Columbus metro—one of the fastest-growing regions in the Midwest—is home to five Fortune 500 companies, a diverse industry base, and population growth exceeding national averages. With Chipotle’s global brand strength, a long-term corporate-backed lease, and a prime interstate location, this asset represents a high-quality, passive investment opportunity in one of Central Ohio’s most dynamic and strategically positioned corridors.
Property Documents
Chipotle Zanesville Flyer.pdf
1.25 MB
Listing Details
- Cap Rate
5.5%
- Tenancy
Single
- Space Type
Retail
- Sub Category
Fast Food/QSR
- Sale Type
Investment Sale
- Date Listed
10/8/2025
- Ownership Info
Fee Simple
- Broker/Agent Co-op
Yes
- Investment Type
Net Lease
- Net Operating Income
$113,925
- Parking Info
19 Spaces (8.17 Spaces per 1,000 SF Leased)
- Building FAR
0.09
Property Specifics
- Property Name
Chipotle Drive-Thru - I-70 Near Columbus | 695 Zane St
- Property Class
B
- No of Buildings
1
- No of Stories
1
- No of Units
1
- Year Built
2023
- Building Size
2,325 SF
- Lot Size
0.6 Ac
- APN
84-59-01-02-000
- Zoning
C-4
- Occupancy
100%