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Restaurant

Chipotle w/ Dr-Thru | Rare 15-Yr Absolute NNN | Affluent & Booming Area | NW Indiana - Chicago MSA

9525 Wicker Ave, Saint John (Chicago MSA), IN 46373

Listing Price: $3,463,158

Cap Rate
4.75%
Tenant Name
Chipotle
Years Remaining On Lease
15.1
Gross SF
2,350
Guarantor
Corporate Guarantee
Rentable SF
2,350
Price/Gross SF
$1,473.68
Lease Type
Absolute Net
Rent Per Square Feet
$70.00

Investment Overview

St. John, Indiana, situated in Lake County, is a vibrant suburban community known for its picturesque landscapes and family-friendly atmosphere. With a population of around 17,000, St. John offers a blend of modern amenities and small-town charm, making it an ideal place to live for many residents. The town boasts excellent schools, numerous parks, and recreational facilities, fostering a strong sense of community engagement. Its strategic location near major highways provides easy access to neighboring cities like Chicago, enhancing its appeal for commuters. St. John’s thriving local economy, coupled with its commitment to preserving its natural beauty, continues to attract new residents seeking a high quality of life in Northwest Indiana. In 2009, St. John ranked 48th among CNN’s top 100 places to live in the United States. In 2014, St. John was ranked as the 4th safest place in Indiana by Movoto Real Estate.

Investment Highlights

  • Rare 15 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2024 High Quality Construction featuring a Drive Thru Pick-Up Lane.
  • Rare Fee Simple Qualifying for Depreciation. Chipotle has an 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: Features an Average Household Income of $119k+ w/in a 1-Mile Radius and over 91k People Residing w/in a 5-Mile Radius. St. John has grown 148.0% since 2000.
  • St. John is a leading community in Northwest Indiana. Safewise.com recently named St. John the Safest City in Indiana and one of the Top 20 Safest Cities in America.
  • Positioned Along Area's Traffic & Retail Corridor - Features Easy Access & Excellent Visibility Along Wicker Avenue with Daily Traffic Counts Exceeding 28k Vehicles.
  • Near Numerous Schools, including Lake Central High School (3,210+ Students), providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • St. John is Consistently Voted as One of the Top Places to Live in Indiana and has been Ranked as One of the 100 Best Places to Live in America According to CNN. The Site Benefits from its Close Proximity to Downtown Chicago - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.
  • In Close Proximity to Numerous National Retailers including Target, ALDI, Walgreens, Tractor Supply Co., Strack & Van Til, Planet Fitness and many more.

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 | Rare 15-Yr Absolute NNN | Affluent & Booming Area | NW Indiana - Chicago MSA

Listing Price: $3,463,158

Cap Rate
4.75%
Tenant Name
Chipotle
Years Remaining On Lease
15.1
Gross SF
2,350
Guarantor
Corporate Guarantee
Rentable SF
2,350
Price/Gross SF
$1,473.68
Lease Type
Absolute Net
Rent Per Square Feet
$70.00

Investment Highlights

  • Rare 15 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2024 High Quality Construction featuring a Drive Thru Pick-Up Lane.
  • Rare Fee Simple Qualifying for Depreciation. Chipotle has an 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: Features an Average Household Income of $119k+ w/in a 1-Mile Radius and over 91k People Residing w/in a 5-Mile Radius. St. John has grown 148.0% since 2000.
  • St. John is a leading community in Northwest Indiana. Safewise.com recently named St. John the Safest City in Indiana and one of the Top 20 Safest Cities in America.
  • Positioned Along Area's Traffic & Retail Corridor - Features Easy Access & Excellent Visibility Along Wicker Avenue with Daily Traffic Counts Exceeding 28k Vehicles.
  • Near Numerous Schools, including Lake Central High School (3,210+ Students), providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • St. John is Consistently Voted as One of the Top Places to Live in Indiana and has been Ranked as One of the 100 Best Places to Live in America According to CNN. The Site Benefits from its Close Proximity to Downtown Chicago - Home to a Variety of Museums, Theaters, Music Venues, and Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.
  • In Close Proximity to Numerous National Retailers including Target, ALDI, Walgreens, Tractor Supply Co., Strack & Van Til, Planet Fitness and many more.

Investment Overview

St. John, Indiana, situated in Lake County, is a vibrant suburban community known for its picturesque landscapes and family-friendly atmosphere. With a population of around 17,000, St. John offers a blend of modern amenities and small-town charm, making it an ideal place to live for many residents. The town boasts excellent schools, numerous parks, and recreational facilities, fostering a strong sense of community engagement. Its strategic location near major highways provides easy access to neighboring cities like Chicago, enhancing its appeal for commuters. St. John’s thriving local economy, coupled with its commitment to preserving its natural beauty, continues to attract new residents seeking a high quality of life in Northwest Indiana. In 2009, St. John ranked 48th among CNN’s top 100 places to live in the United States. In 2014, St. John was ranked as the 4th safest place in Indiana by Movoto Real Estate.

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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