Chipotle Drive-Thru
Single-Tenant Offerings
Chipotle Drive-Thru
2511 Chester Blvd.
Richmond (East of Indianapolis), IN
- Price:
- $2,823,000
- Cap Rate:
- 5.60%
- NOI:
- $158,100
- Rentable SQFT:
- 2,350 SF
- Year Built:
- 2024
- Lot Size:
- 1.07 +/- Acres
- Lease Type:
- NN
- Status:
- Available
Investment Highlights
- New 15-Year Lease with 10% Increases Every 5 Years
- Corporate Guaranty (3,437+ Locations) by Fortune 500 Company, $10.98 Billion in Annual Revenue
- Chipotle’s Stock (NYSE: CMG) has Increased Approximately 250% Over the Last 5 Years
- Average Unit-Level Sales for Chipotle is Nearly $3.5 Million in the U.S., Equates to a 4.5% Rent-to-Sales Ratio for this Store
- Brand New Prototype with “Chipotlane” Drive-Thru, Minimal Landlord Responsibilities
- Only Chipotle Drive-Thru in Wayne County Serving Over 66,000+ Residents
- Outparcel to High-Volume Meijer Anchored Center (2+ Million Shoppers/Year), Only Meijer in 30 Miles
- Adjacent to 800,000 SF Reid Hospital Regional Medical Center with 3,500+ Employees, Serves 280,000 Residents in Indiana and Ohio
- Walking Distance to 5,100+ Students at Indiana University East, Ivy Tech Richmond, and Purdue Polytechnic University
- Highly Visible to 18,200+ Cars/Day Along Major North/South Artery
- Easy Access to I-70 with 36,200+ Cars/Day Connecting to Downtown Indianapolis and Columbus, OH
- Close Proximity to Several K-12 Schools with 5,000+ Students
- Strong Daytime Population, Over 26,000 Employees in Primary Trade Area
- Just North of Brookville Lake (1.3 Million Visitors/Year) and Mounds State Park (400,000 Visitors/Year)
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