Restaurant
Chipotle Drive-Thru | New 15-Yr. Lease with 10% Increases Every 5 Years
2511 Chester Blvd, Richmond (East of Indianapolis), IN 47374
Listing Price: $2,823,000
Cap Rate
5.60%
Tenant Name
Chipotle
Years Remaining On Lease
4.4
Guarantor
Corporate Guarantee
Rentable SF
2,325
Lease Type
Double Net
Rent Per Square Feet
$68.00
Investment Overview
Marcus & Millichap is pleased to present the Chipotle in Richmond, IN.
Chipotle Drive-Thru | New 15-Yr. Lease with 10% Increases Every 5 Years
Investment Highlights
- New 15-Year Lease with 10% Increases Every 5 Years
- Corporate Guaranty (3,437+ Locations) by Fortune 500 Company, $10.98 Billion in Annual Revenue
- Chipotle's Stock (NYSE: CMG) has Increased Approximately 250% Over the Last 5 Years
- Average Unit-Level Sales for Chipotle is Nearly $3.5 Million in the U.S., Equates to a 4.5% Rent-to-Sales Ratio for this Store
- Brand New Prototype with "Chipotlane" Drive-Thru, Minimal Landlord Responsibilities
- Only Chipotle Drive-Thru in Wayne County Serving Over 66,000+ Residents
- Outparcel to High-Volume Meijer Anchored Center (2+ Million Shoppers/Year), Only Meijer in 30 Miles
- Adjacent to 800,000 SF Reid Hospital Regional Medical Center with 3,500+ Employees, Serves 280,000 Residents in Indiana and Ohio
Restaurant
Chipotle Drive-Thru | New 15-Yr. Lease with 10% Increases Every 5 Years
Listing Price: $2,823,000
Cap Rate
5.60%
Tenant Name
Chipotle
Years Remaining On Lease
4.4
Guarantor
Corporate Guarantee
Rentable SF
2,325
Lease Type
Double Net
Rent Per Square Feet
$68.00
Investment Highlights
- New 15-Year Lease with 10% Increases Every 5 Years
- Corporate Guaranty (3,437+ Locations) by Fortune 500 Company, $10.98 Billion in Annual Revenue
- Chipotle's Stock (NYSE: CMG) has Increased Approximately 250% Over the Last 5 Years
- Average Unit-Level Sales for Chipotle is Nearly $3.5 Million in the U.S., Equates to a 4.5% Rent-to-Sales Ratio for this Store
- Brand New Prototype with "Chipotlane" Drive-Thru, Minimal Landlord Responsibilities
- Only Chipotle Drive-Thru in Wayne County Serving Over 66,000+ Residents
- Outparcel to High-Volume Meijer Anchored Center (2+ Million Shoppers/Year), Only Meijer in 30 Miles
- Adjacent to 800,000 SF Reid Hospital Regional Medical Center with 3,500+ Employees, Serves 280,000 Residents in Indiana and Ohio
Investment Overview
Marcus & Millichap is pleased to present the Chipotle in Richmond, IN.
Exclusively Listed By
Broker of Record
-
Josh Caruana
First Vice President/District Manager
Financing By
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