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 |
| |
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....
...Signalized intersection
Near major nationals
Strategically located
Dense 100M+ pop 5 mi
Affluent suburb location
Brand new lease
Low rent to sales ratio
Absolute NNN
Corporate Guarantee
Publicly traded company
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...
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 |
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 |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]