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CHIPOTLE w/ DR-THRU | RARE 15 YR ABSOLUTE NET 1205 Main St

2,350 SF Retail Building Crown Point, IN 46307 £2,574,632 (£1,096/SF) 4.75% Net Initial Yield

Investment Highlights

  • Rare 15 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
  • Chipotle is one of the Largest Mexican Restaurant Chains in the U.S. in terms of Sales and Number of Locations.
  • Crown Point’s Steady Population Growth, fueled by New Housing for Families, Professionals, and Retirees, Boosts Demand for Dining and Convenience.
  • Brand New 2025 High Quality Construction featuring a Drive Thru Pick-Up Lane. Rare Fee Simple Qualifying for Depreciation.
  • Densely Populated and Affluent Northern Indiana Suburb: Average Household Income of $99k+ w/in a 3-Mile Radius and 93k People w/in 5-Mile Radius.
  • Directly Across from a Jewel-Osco Anchored Retail Center and near Numerous other National Retailers including ALDI, Walgreens, Strack & Van Til, etc.

Executive Summary

Chipotle Mexican Grill w/ Drive Thru | Rare 15 Year Absolute Net Lease | Brand New 2025 Construction | Affluent, High Density & Growing Suburb of Chicago | Across from a Jewel-Osco Anchored Retail Center | Rare Fee Simple | Qualifies for Depreciation
Indiana Broker of Record: Josh Caruana | 600 East 96th St., Ste. 500 Indianapolis, IN 46240 | P: (317) 218-5300 | Lic #: RB14034355 | Josh.Caruana@MarcusMillichap.com

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,350 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
£2,574,632
Price Per SF
£1,096
Net Initial Yield
4.75%
NOI
£122,295
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Land Acres
0.90 AC

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Chipotle
  • Retailer
  • 2,350 SF
  • -
  • Triple Net
  • Mar 2040
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Chipotle Retailer 2,350 SF - Triple Net Mar 2040

Links

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PROPERTY TAXES

Parcel Numbers
Multiple
  • 45-16-05-130-014.000-042
  • 45-16-05-130-015.000-042
  • 45-16-05-130-016.000-042
 Improvements Assessment £0
Land Assessment £72,286 Total Assessment £72,286

PROPERTY TAXES

Parcel Numbers
Multiple
  • 45-16-05-130-014.000-042
  • 45-16-05-130-015.000-042
  • 45-16-05-130-016.000-042
Land Assessment
£72,286
Improvements Assessment
£0
Total Assessment
£72,286
(858) 373-3184

  • Listing ID: 33788665

  • Date on Market: 07/11/2024

  • Last Updated:

  • Address: 1205 Main St, Crown Point, IN 46307

The Retail Property at 1205 Main St, Crown Point, IN 46307 is currently available For Sale. Contact The Mansour Group of Marcus & Millichap for more information.

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© 2024 CoStar Group

CHIPOTLE w/ DR-THRU | RARE 15 YR ABSOLUTE NET | 1205 Main St
(858) 373-3184 x

CHIPOTLE w/ DR-THRU | RARE 15 YR ABSOLUTE NET | 1205 Main St

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Alvin Mansour

(858) 373-3184

(858) 373-3184

Brendan Kenavan

(858) 373-3141

(858) 373-3141

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