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Restaurant

Chipotle w/ Drive Thru | Rare 15 Year Absolute NNN Lease | Qualifies for Depreciation | Chicago MSA

1205 N Main St, Crown Point (Chicago MSA), IN 46307

Listing Price: $3,263,158

Cap Rate
4.75%
Tenant Name
Chipotle
Years Remaining On Lease
15.3
Gross SF
2,350
Guarantor
Corporate Guarantee
Rentable SF
2,350
Price/Gross SF
$1,388.58
Lease Type
Absolute Net
Rent Per Square Feet
$65.96

Investment Overview

Crown Point, Indiana, located in Lake County, offers a mix of historical charm, suburban comfort, and community-driven culture, making it a desirable place to live and visit. Known as the “Hub of Lake County,” it’s a focal point for nearby towns, providing a range of shopping, dining, and recreational activities. The downtown area is particularly popular, with a historic courthouse square surrounded by unique boutiques, local eateries, and community spaces that reflect the city’s heritage. The historic Old Lake County Courthouse, with its impressive architecture, is a landmark that hosts events, markets, and exhibitions, and draws both locals and visitors year-round.

Beyond the downtown charm, Crown Point boasts well-regarded schools, various parks, and a strong sense of community. Popular local events include the Crown Point Car Cruise and the Farmers Market, both of which allow residents and visitors to connect while enjoying local produce, crafts, and vintage vehicles. Lake County Fairgrounds in Crown Point hosts one of the largest fairs in Indiana each summer, featuring carnival rides, concerts, and livestock shows.

For outdoor enthusiasts, Crown Point has numerous parks and trails, such as the Lake County Parks, which include walking trails, golf courses, and picnic spots. Proximity to Chicago, just under an hour’s drive away, provides convenient access to city amenities while allowing residents to enjoy the quieter suburban lifestyle Crown Point offers. Crown Point has seen consistent growth in recent years, maintaining its small-town appeal with a friendly, welcoming community that supports local businesses and hosts many community-driven activities.

Investment Highlights

  • Rare 15 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
  • Brand New 2025 High Quality Construction featuring a Drive Thru Pick-Up Lane. Rare Fee Simple Qualifying for Depreciation.
  • Densely Populated and Affluent Northern Indiana Suburb: Features an Average Household Income of $99k+ w/in a 3-Mile Radius and over 93k People Residing w/in a 5-Mile Radius.
  • Chipotle is one of the Largest Mexican Restaurant Chains in the U.S. in terms of Sales and Number of Locations, w/ 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.
  • Crown Point's Steady Population Growth, fueled by New Housing for Families, Professionals, and Retirees, Boosts Demand for Dining and Convenience, creating Prime Conditions for a Quick-Service Restaurant.
  • Positioned Along Area's Traffic & Retail Corridor - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 15k Vehicles. Known as the "Hub of Lake County," Crown Point is a Central Point for nearby Communities, drawing consistent Visitor Flow.
  • Near Numerous Schools providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers. Crown Point's High-Ranking Schools and Amenities make it an Attractive Area for Families
  • Crown Point's Major Events, including Indiana's Second-largest Lake County Fair, the Car Cruise, and Weekly Farmers Market, attract thousands of Visitors, Boosting Visibility and Engagement with both Locals and Tourists. Directly Across from a Jewel-Osco Anchored Retail Center and near Numerous other National Retailers including ALDI, Walgreens, Strack & Van Til 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 Downtown

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Restaurant

Chipotle w/ Drive Thru | Rare 15 Year Absolute NNN Lease | Qualifies for Depreciation | Chicago MSA

Listing Price: $3,263,158

Cap Rate
4.75%
Tenant Name
Chipotle
Years Remaining On Lease
15.3
Gross SF
2,350
Guarantor
Corporate Guarantee
Rentable SF
2,350
Price/Gross SF
$1,388.58
Lease Type
Absolute Net
Rent Per Square Feet
$65.96

Investment Highlights

  • Rare 15 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
  • Brand New 2025 High Quality Construction featuring a Drive Thru Pick-Up Lane. Rare Fee Simple Qualifying for Depreciation.
  • Densely Populated and Affluent Northern Indiana Suburb: Features an Average Household Income of $99k+ w/in a 3-Mile Radius and over 93k People Residing w/in a 5-Mile Radius.
  • Chipotle is one of the Largest Mexican Restaurant Chains in the U.S. in terms of Sales and Number of Locations, w/ 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.
  • Crown Point's Steady Population Growth, fueled by New Housing for Families, Professionals, and Retirees, Boosts Demand for Dining and Convenience, creating Prime Conditions for a Quick-Service Restaurant.
  • Positioned Along Area's Traffic & Retail Corridor - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 15k Vehicles. Known as the "Hub of Lake County," Crown Point is a Central Point for nearby Communities, drawing consistent Visitor Flow.
  • Near Numerous Schools providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers. Crown Point's High-Ranking Schools and Amenities make it an Attractive Area for Families
  • Crown Point's Major Events, including Indiana's Second-largest Lake County Fair, the Car Cruise, and Weekly Farmers Market, attract thousands of Visitors, Boosting Visibility and Engagement with both Locals and Tourists. Directly Across from a Jewel-Osco Anchored Retail Center and near Numerous other National Retailers including ALDI, Walgreens, Strack & Van Til and many more.

Investment Overview

Crown Point, Indiana, located in Lake County, offers a mix of historical charm, suburban comfort, and community-driven culture, making it a desirable place to live and visit. Known as the “Hub of Lake County,” it’s a focal point for nearby towns, providing a range of shopping, dining, and recreational activities. The downtown area is particularly popular, with a historic courthouse square surrounded by unique boutiques, local eateries, and community spaces that reflect the city’s heritage. The historic Old Lake County Courthouse, with its impressive architecture, is a landmark that hosts events, markets, and exhibitions, and draws both locals and visitors year-round. Beyond the downtown charm, Crown Point boasts well-regarded schools, various parks, and a strong sense of community. Popular local events include the Crown Point Car Cruise and the Farmers Market, both of which allow residents and visitors to connect while enjoying local produce, crafts, and vintage vehicles. Lake County Fairgrounds in Crown Point hosts one of the largest fairs in Indiana each summer, featuring carnival rides, concerts, and livestock shows. For outdoor enthusiasts, Crown Point has numerous parks and trails, such as the Lake County Parks, which include walking trails, golf courses, and picnic spots. Proximity to Chicago, just under an hour’s drive away, provides convenient access to city amenities while allowing residents to enjoy the quieter suburban lifestyle Crown Point offers. Crown Point has seen consistent growth in recent years, maintaining its small-town appeal with a friendly, welcoming community that supports local businesses and hosts many community-driven activities.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

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

    San Diego Downtown

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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