Chipotle - Evansville, IN (Burkhardt)
2,325 SF | Retail Building | Evansville, IN 47715 | $2,950,000 ($1,269/SF) | 5% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,950,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,325 SF
- Price / Square Foot
- $1,269
Listing Contacts
Jordan Mulloy
Verified Profile
Will Schuhmacher
Verified Profile
Max Freedman
Verified Profile
- Property Info
Property Overview
Sands Investment Group is Pleased to Present Exclusively For Sale the 2,325 SF Chipotle Located at 1310 Hirschland Road in Evansville, IN. This Deal Includes a Brand New 2023 Construction With ~15 Years Remaining on an Absolute Triple Net (NNN) Lease and 10% Rent Increases Every Five (5) Years, Providing For a Stable Investment.
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
Property Details
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Storefront, Storefront Retail/Office
- Lot Size (sq. ft)
- 36,590 SF
Highlights
- Brand New 2023 Construction
- Dual-Lane Drive-Thru With Excellent Ingress/Egress and Ample Parking
- ~15 Years Remaining on Absolute Triple Net (NNN) Lease With 10% Rent Increases Every Five (5) Years
- Retail Drivers Include: Walmart Supercenter, Target, Sam's Club, Home Depot, Costco and Many More
- Corporate Lease to Chipotle Mexican Grill, Inc., the Leading Company in the Fast Casual Restaurant Space With a $57B market Cap (NYSE: CMG)
- Strong Demographics With a Population of 126,402 Residents With an Average Household Income of $71,716 Within a 5-Mile Radius
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