CHIPOTLE w/ DR-THRU | RARE 15YR ABS NET LEASE
2,350 SF | Retail Building | Saint John, IN 46373 | $3,463,158 ($1,474/SF) | 4.75% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,463,158
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,350 SF
- Price / Square Foot
- $1,474
Listing Contacts
Alvin Mansour
Verified Profile
Jon Talia
Verified Profile
- Property Info
Property Overview
Brand New 2024 Construction | Affluent, High Density & Rapidly Growing Suburb of Chicago | Booming Corridor | High Traffic Counts | Rare Fee Simple Qualifying for Depreciation
Indiana Broker of Record: Josh Caruana | License: RB14034355
Indiana Broker of Record: Josh Caruana | License: RB14034355
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding, Storefront
- Lot Size (sq. ft)
- 40,511 SF
Highlights
- Rare 15 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Brand New 2024 High Quality Construction featuring a Drive Thru Pick-Up Lane. Rare Fee Simple Qualifying for Depreciation.
- Chipotle is one of the Largest Mexican Restaurant Chains in the U.S. in terms of Sales and Number of Locations.
- Annual Revenue in Excess of $9.87 Billion, a Total Net Worth of more than $3.06 Billion and is Ranked #438 on the Fortune 500 List.
- St. John is a leading community in NW Indiana. Safewise.com recently named St. John the Safest City in IN & one of the Top 20 Safest Cities in the US.
- Densely Populated and Affluent Area: Average Household Income of $119k+ w/in a 1-Mile Radius and over 91k People Residing w/in a 5-Mile Radius.
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