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3260 Redhawk St
Coralville, IA 52241
Retail Property For Sale
Investment Highlights
- Affluent area – six-figure average household income within three miles ($121,127)
- New construction – “Chipotlane” concept
- Proximity to Interstate 80 (75,000 VPD) & Interstate 380 (53,100 VPD)
- Publicly traded – #399 on 2024 Fortune 500 list - $76 billion market cap
- Located along Coral Ridge Avenue (30,600 VPD)
- 66,600+ people live within a five-mile radius
Executive Summary
Coralville, Iowa. This property, constructed in 2024 specifically for Chipotle, features a new 15-year lease running through June 2039. The lease includes 7.5% scheduled rental escalations every five years throughout the primary term, with four additional 5-year renewal options. The property incorporates the new “Chipotlane” drive-thru concept, which has been shown to significantly boost sales.
PROPERTY FACTS
Amenities
- Dedicated Turn Lane
- Restaurant
- Security System
- Signage
- Signalised Intersection
- Drive Thru
- Wheelchair Accessible
- Accent Lighting
- Air Conditioning
About 3260 Redhawk St , Coralville, IA 52241
The 2,337 square-foot building benefits from its prominent location along Coral Ridge Avenue, which sees 30,600 vehicles per day and serves as the primary thoroughfare through Coralville, Iowa. The property is situated in a vibrant area experiencing significant new retail and medical development. Nearby retailers include Hy-Vee, Starbucks, Burger King, Dunkin’, Jersey Mike’s, Tropical Smoothie Café, and Tidal Wave Auto Spa. Additionally, the Chipotle is within walking distance of the new 60-acre University of Iowa Hospitals and Clinics North Liberty campus, a three-level hospital with a five-level medical office building, contributing to a notable increase in the area’s population. Further bolstering the area’s growth is the construction of 965 Flat Apartments, a 282-unit complex adjacent to the Chipotle property. The area boasts a population of over 66,600 within a five-mile radius, with an affluent average household income of $121,127. Additionally, the asset is less than five miles from the University of Iowa, which has a student population of 30,000.
PROPERTY TAXES
| Parcel Number | 0624377002 | Improvements Assessment | £41,280 |
| Land Assessment | £339,404 | Total Assessment | £380,684 |
PROPERTY TAXES
