About This Restaurant
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. St. John is a leading community in NW Indiana. Safewise.com recently named St. John the Safest City in IN & one of the Top 20 Safest Cities in the US. Brand New 2024 High Quality Construction featuring a Drive Thru Pick-Up Lane. Rare Fee Simple Qualifying for Depreciation. Annual Revenue in Excess of $9.87 Billion, a Total Net Worth of more than $3.06 Billion and is Ranked #438 on the Fortune 500 List. Densely Populated and Affluent Area: Average Household Income of $119k+ w/in a 1-Mile Radius and over 91k People Residing w/in a 5-Mile Radius.
Executive Summary
Brand New 2024 Construction | Affluent, High Density & Rapidly Growing Suburb of Chicago | Booming Corridor | High Traffic Counts | Rare Fee Simple Qualifying for DepreciationIndiana Broker of Record: Josh Caruana | License: RB14034355
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Fast Food General Retail Restaurant General Retail Storefront Freestanding
- Building Size 2,350
- Building Class B
- Year Built 2024
- Price 3,463,158
- Price Per SF 1,474
- Cap Rate 4.75
- NOI 164,500
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.06
- Land Acres 0.93 AC
| Date Created: | 2024-07-16 04:13:40 | Last Updated: | 2024-07-16 04:13:40 |
| Address: | 9525 Wicker Ave , Saint John, Indiana, 46373 | ||