loader
Join Free
Views: 85 DOM: 141 Updated: 02.26.24 Posted: 09.28.23 Status: Sold 02.16.24

Summary

Price $2,451,000 $2,500,000
Built/Renov 2023
Tenant Chipotle Mexican Grill
Cap Rate 5.10% 5.00%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 2,325
Lease Start 08-24-2023
#Units 3,437
Price/SF $1,054.19 $1,075.27
Expiration 08-31-2038
Tenant Type Fast Casual/Rest.
NOI $125,000
R. Term 14.2
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....

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Chipotle Mexican Grill, Inc., or “Chipotle”, is an American chain of fast-casual restaurants in the U.S., United Kingdom, Canada, Germany, and France. The Fortune 500 company...


...

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
*ESRI data is presented for informational purposes only

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

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

NEWSLETTER SIGN UP

Subscribe
my activity