Chipotle & Blaze Pizza 1601 E College Ave

1601 E College Ave , Normal, Illinois, 61761 | 5,311 sq.f | $ 3,541,000

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About This Restaurant

Investment Highlights

100% Leased to Chipotle and Blaze Pizza, Two Successful National Tenants 128,218 Residents within a 5-Mile Radius in Dense Bloomington-Normal Trade Area Surrounded by National Retailers - Walmart, Meijer, Sam's Club, Best Buy, Lowe's, Petco, and More Situated at the Corner of College Avenue and Veterans Parkway with a Combined 55,000+ Cars per Day Adjacent to Shoppes at College Hills, Anchored by Target, Hobby Lobby, and Von Maur College Town Location Just Two Miles from Illinois State University (20,000+ Students)

Executive Summary

Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 | Steven.Weinstock@MarcusMillichap.comChipotle Mexican Grill, Inc. (NYSE: CMG) is an American chain of fast casual restaurants. Blaze Pizza is a build-your-own pizza brand, known for their savory artisanal pizzas and a customizable, made-to-order menu. Pizzas are cooked in an 800-degree open-flame oven and are crafted using high-quality ingredients.Normal is a town in McLean County, Illinois, one of two principal cities of the Bloomington-Normal metropolitan area. A vibrant Midwestern community in Central Illinois, Normal is home to over 52,700 residents. The Bloomington- Normal area boasts a population of 151,400. Bloomington-Normal has a highly education population, due in part to Illinois State University's presence in the community and reflected in the region's high median household income.

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    5,311
  • Building Class    B
  • Year Built    2016
  • Price    3,541,000
  • Price Per SF    667
  • Cap Rate    6.50
  • NOI    230,164
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.15
  • Land Acres    0.83 AC

Nearby Amenities & Transportation

Retail Starbucks
Retail Crunch
Retail PNC Bank
Retail Commerce Bank
Retail Red Robin
Retail Wingstop
Retail Chili's
Retail The Original Pancake House
Retail HuHot Mongolian Grills
Retail Jewel-Osco

Property Taxes

Parcel Number 14-26-326-025 Improvements Assessment $120,401
Land Assessment $258,812 Total Assessment $379,213
Date Created: 2024-07-16 04:13:38 Last Updated: 2024-07-16 04:13:38
Address: 1601 E College Ave , Normal, Illinois, 61761