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Chipotle Mexican Grill 2420 E 146th St

4,000 SF Retail Building Carmel, IN 46033 £1,360,359 (£340/SF) 5.50% Net Initial Yield

Investment Highlights

  • Absolute NNN Lease – the landlord has zero expenses or responsibilities, providing for an ideal passive investment.
  • Affluent Area – Carmel, IN is the most affluent city in the state of Indiana. In a 1-mile radius, the average household income is $157,000.
  • Tenant Commitment – Chipotle renewed the lease in 2018, demonstrating their commitment to the location.
  • Corporate Guaranty – Chipotle Mexican Grill, Inc. has a market cap of $80B+ and has seen explosive growth over the recent years.
  • Excellent Retail Synergy – the property is situated within Cool Creek Commons, a premier shopping center home to top brand retailers.

Executive Summary

Broker of Record
Kyle Matthews
License No. RC52200195 (IN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,000 SF
Building Class
B
Year Built
2004
Price
£1,360,359
Price Per SF
£340
Net Initial Yield
5.50%
NOI
£74,820
Tenancy
Single
Number of Floors
1
Building FAR
0.57
Land Acres
0.16 AC
Zoning
Commercial

Amenities

  • Signage
  • Signalised Intersection
Walk Score ®
Very Walkable (70)
Bike Score ®
Very Bikeable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Regions Bank
Stretchlab
PNC Bank
The National Bank of Indianapolis
McAlister's Deli
[solidcore]
F45 Training, Inc.
Kona Grill
SPENGA
Red Robin

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
29-10-18-000-014.207-015
Land Assessment
£592,144
Improvements Assessment
£286,486
Total Assessment
£878,630
  • Listing ID: 33925150

  • Date on Market: 19/11/2024

  • Last Updated:

  • Address: 2420 E 146th St, Carmel, IN 46033

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