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Restaurant

Chipotle w/ Dr-Thru | Chicago MSA | 15 Year NNN Lease | Brand New 2023 Construction | Affluent Area

2700 Matson Dr, Chesterton (Chicago MSA), IN 46304

Listing Price: $3,200,000

Cap Rate
4.50%
Tenant Name
Chipotle
Years Remaining On Lease
15.3
Gross SF
2,350
Guarantor
Corporate Guarantee
Rentable SF
2,350
Price/Gross SF
$1,361.70
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$61.28

Investment Overview

Chesterton is a charming town located in Porter County, Indiana, United States. Nestled in the northwestern part of the state, the town is known for its picturesque surroundings and small-town atmosphere. With a rich history dating back to the 19th century, Chesterton exudes a sense of nostalgia with its well-preserved architecture and historic buildings. The town’s proximity to the Indiana Dunes National Park, a beautiful natural area along the southern shore of Lake Michigan, makes it a popular destination for outdoor enthusiasts and nature lovers. Visitors and residents alike can enjoy hiking, birdwatching, and relaxing on the sandy beaches of Lake Michigan. Chesterton boasts a thriving cultural scene, with art galleries, local theaters, and annual events like the European Market and Wizard of Oz Festival. The town also embraces its railroad heritage, evident in the popular Chesterton’s European Market. As a close-knit community, Chesterton fosters a warm and friendly environment, offering a high quality of life with excellent schools, recreational facilities, and a variety of dining and shopping options. With its blend of history, natural beauty, and vibrant community spirit, Chesterton, Indiana, remains a delightful place to live and explore.

Investment Highlights

  • 15 Year NNN Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2023 High Quality Construction featuring a Drive Thru Pick-Up Lane.
  • Chipotle has an Annual Revenue in Excess of $8.63 Billion, a Total Net Worth of more than $2.36 Billion and is Ranked #450 on the Fortune 500 List.
  • Positioned Along Area's Traffic & Retail Corridor - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 32k Vehicles. Immediate Access to Interstate-90 (33k+ VPD).
  • Affluent Area: Average Household Income of $100k+ w/in a 3-Mile Radius. Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community - Near Several Retail & Housing Developments / Under Construction.
  • Near Northwest Health Porter - a 301-Beds Medical Center located on a 104-Acre Campus providing Acute Care with Strong Programs in Cardiology, Orthopedics, Surgical Services, Emergency Care, Oncology and Maternal Health.
  • In Close Proximity to Numerous Schools, including Chesterton High School (2,080+ Students), providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Restaurant

Chipotle w/ Dr-Thru | Chicago MSA | 15 Year NNN Lease | Brand New 2023 Construction | Affluent Area

Listing Price: $3,200,000

Cap Rate
4.50%
Tenant Name
Chipotle
Years Remaining On Lease
15.3
Gross SF
2,350
Guarantor
Corporate Guarantee
Rentable SF
2,350
Price/Gross SF
$1,361.70
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$61.28

Investment Highlights

  • 15 Year NNN Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2023 High Quality Construction featuring a Drive Thru Pick-Up Lane.
  • Chipotle has an Annual Revenue in Excess of $8.63 Billion, a Total Net Worth of more than $2.36 Billion and is Ranked #450 on the Fortune 500 List.
  • Positioned Along Area's Traffic & Retail Corridor - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 32k Vehicles. Immediate Access to Interstate-90 (33k+ VPD).
  • Affluent Area: Average Household Income of $100k+ w/in a 3-Mile Radius. Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community - Near Several Retail & Housing Developments / Under Construction.
  • Near Northwest Health Porter - a 301-Beds Medical Center located on a 104-Acre Campus providing Acute Care with Strong Programs in Cardiology, Orthopedics, Surgical Services, Emergency Care, Oncology and Maternal Health.
  • In Close Proximity to Numerous Schools, including Chesterton High School (2,080+ Students), providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Investment Overview

Chesterton is a charming town located in Porter County, Indiana, United States. Nestled in the northwestern part of the state, the town is known for its picturesque surroundings and small-town atmosphere. With a rich history dating back to the 19th century, Chesterton exudes a sense of nostalgia with its well-preserved architecture and historic buildings. The town’s proximity to the Indiana Dunes National Park, a beautiful natural area along the southern shore of Lake Michigan, makes it a popular destination for outdoor enthusiasts and nature lovers. Visitors and residents alike can enjoy hiking, birdwatching, and relaxing on the sandy beaches of Lake Michigan. Chesterton boasts a thriving cultural scene, with art galleries, local theaters, and annual events like the European Market and Wizard of Oz Festival. The town also embraces its railroad heritage, evident in the popular Chesterton’s European Market. As a close-knit community, Chesterton fosters a warm and friendly environment, offering a high quality of life with excellent schools, recreational facilities, and a variety of dining and shopping options. With its blend of history, natural beauty, and vibrant community spirit, Chesterton, Indiana, remains a delightful place to live and explore.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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