Chipotle Opens New Ohio Location
- May 16, 2017
The new retail strip center at the corner of Loveland Madeira and East Kemper roads in Loveland, Ohio, will welcome a new tenant, restaurant chain Chipotle Mexican Bar and Grill. Cincinnati Commercial Real Estate, an affiliate of NGKF, completed the lease of 2,250 square feet on behalf of the owner, L & K 9 LLC. Retail Specialist TC Bartoszek and Managing Director John Thompson led the leasing efforts.
L & K 9 LLC bought 10565 E. Kemper Road in 2016 for $750,000, according to property records available on PropertyShark. The retail center, encompassing a total of 9,827 rentable square feet, came online at the end of last year. The anchor tenant is Starbucks, with Sport Clips Haircuts joining the roster as well. With Chipotle on board, the retail center has an additional 1,200 square feet available. Other retailers in the area include CVS, Wallgreens, Burger King and Arby’s.
“Chipotle brings a highly desired food user to a neighborhood community that is part of the fast-developing northeastern corridor along I-275,” said Bartoszek in prepared remarks. At $91,000, the household income in the Loveland area is well above the national average, which speaks for the community’s buying power.
Image courtesy of JLL