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Chipotle
6830 Lake Plaza Drive, Indianapolis, IN 46220
$2,500,000
Cap Rate 5.00%
Summary
| Price $2,500,000 | Built/Renov 2023 | Tenant Chipotle |
| Cap Rate 5.00% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
2,325
| Lease Start
08-24-2023
| #Units
3,224
|
| Price/SF $1,075.27 | Expiration
08-31-2038
| Tenant Type Fast Casual/Rest. |
| NOI $125,000 | R. Term 14.8 | Ownership Fee Simple |
| Rent/SF
$53.76
| Increases 10.0%/5/yrs | Pop 5Mi 194,585 |
| Lot/AC 0.74 | Options 4/5yrs/10% | AHHI 5Mi $87,735 |
| | |
Lease Highlights
- New 2023 Construction with a "Chipotlane" Drive-Thru
- Tenant recently signed a brand-new 15-year lease with 4 (5-year) options to extend
- Lease features 10% rental increases every 5 years
- Absolute NNN lease | Zero landlord responsibilities
- Corporate guaranteed lease
Location Description
Chipotle is strategically located on a hard corner intersection along Lake Plaza Drive, with excellent visibility from Binford Blvd., a significant Indianapolis thoroughfare that sees in excess of 37,145 combined vehicles per day at the intersection. It is also across from a top performing Kroger, ranked #29 out of 101 Krogers in Indiana, which creates a strong consumer draw to the trade area....
...Features
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Signalized intersection
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Near major nationals
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Strategically located
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Dense 100M+ pop 5 mi
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Affluent suburb location
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Brand new lease
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Low rent to sales ratio
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Absolute NNN
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Corporate Guarantee
-
Publicly traded company
...
Maps
Tenant
- Tenant: Chipotle Mexican Grill of Colorado, LLC
- Guarantor:Corp Traded
- Company:Chipotle Mexican Grill, Inc.
- # Units:3,224
- Stock:NYSE: CMG
About Tenant
Chipotle Mexican Grill, Inc., (NYSE: CMG) often known simply as Chipotle, is an American chain of fast casual restaurants in the U.S., United Kingdom, Canada, Germany, and France, specializing in...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 7,264 | 63,698 | 195,507 |
| 2023 Total Population : | 7,367 | 64,169 | 195,512 |
| 2023 Employed Civilian Pop : | 4,097 | 36,789 | 106,643 |
| 2023 Total Businesses : | 491 | 3,599 | 10,308 |
| 2023 Average Household Income : | $ 137,709 | $ 104,368 | $ 99,557 |
| 2023 Total Consumer Spending : | $ 332 M | $ 2726 M | $ 7582 M |
| 2023 Median Age : | 42 | 39 | 38 |
| 2023 Total Households : | 2,837 | 30,159 | 87,855 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,124 | 16,014 | 42,207 |
| 2023 Average Home Value : | $ 348,335 | $ 311,631 | $ 278,569 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Binford Blvd | Graham Rd | 2009 | 42,327 | 0.08 mi |
| Graham Rd | Kirkpatrick Way | 2017 | 7,761 | 0.08 mi |
| Graham Road | E 71st St | 2021 | 2,973 | 0.15 mi |
| Local | E 71st St | 2020 | 2,794 | 0.15 mi |
| Binford Boulevard | Graham Rd | 2021 | 34,168 | 0.16 mi |
| Graham Rd | Wyckfield Way | 2009 | 4,026 | 0.20 mi |
| E 65th Pl | Graham Rd | 2007 | 1,498 | 0.29 mi |
| Ashurst Street | Knyghton Rd | 2021 | 2,162 | 0.43 mi |
| Graham Rd | Attleboro Ct | 2009 | 3,644 | 0.46 mi |
| Green Leaves Road | E 65th St | 2021 | 4,425 | 0.47 mi |
