Restaurant
Chipotle Drive-Thru | New 15-Yr. Absolute NNN
7518 E US Hwy 36, Avon (Indianapolis MSA), IN 46123
Listing Price: $3,627,000
Tenant Name
Chipotle
Years Remaining On Lease
15.4
Guarantor
Corporate Guarantee
Rentable SF
3,020
Lease Type
Absolute Net
Rent Per Square Feet
$61.26
Investment Overview
Marcus & Millichap is pleased to present the Chipotle in Avon, IN.
Chipotle Drive-Thru | New 15-Yr. Absolute NNN
Investment Highlights
- New 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
- 10% Increases Every 5 Years Throughout the Base Term and Options
- Corporate Guaranty (3,679+ Locations) by Fortune 500 Company, $10.98 Billion in Annual Revenue
- Average Unit-Level Sales for Chipotle is Nearly $3.5 Million in the U.S., Equates to a 5.3% Rent-to-Sales Ratio at this Location
- Brand New Prototype with "Chipotlane" Drive-Thru on 1+ Acre Parcel
- Serving Over 120,700 Residents in Rapidly Growing Suburb to Indianapolis
- Hendricks County is One of the Fastest Growing Counties in the U.S.
- Average Household Incomes Exceed $114K in 1 Mile and $128K in 3 Miles
Restaurant
Chipotle Drive-Thru | New 15-Yr. Absolute NNN
Listing Price: $3,627,000
Tenant Name
Chipotle
Years Remaining On Lease
15.4
Guarantor
Corporate Guarantee
Rentable SF
3,020
Lease Type
Absolute Net
Rent Per Square Feet
$61.26
Investment Highlights
- New 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
- 10% Increases Every 5 Years Throughout the Base Term and Options
- Corporate Guaranty (3,679+ Locations) by Fortune 500 Company, $10.98 Billion in Annual Revenue
- Average Unit-Level Sales for Chipotle is Nearly $3.5 Million in the U.S., Equates to a 5.3% Rent-to-Sales Ratio at this Location
- Brand New Prototype with "Chipotlane" Drive-Thru on 1+ Acre Parcel
- Serving Over 120,700 Residents in Rapidly Growing Suburb to Indianapolis
- Hendricks County is One of the Fastest Growing Counties in the U.S.
- Average Household Incomes Exceed $114K in 1 Mile and $128K in 3 Miles
Investment Overview
Marcus & Millichap is pleased to present the Chipotle in Avon, IN.
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