Chipotle Mexican Grill

1620 Veterans Parkway, Jeffersonville, IN 47130

$2,790,000

Cap Rate 5.00%

Views: 116 DOM: 216 Updated: 11.21.24 Posted: 05.01.24 Status: Active

Summary

Price $2,790,000	Built/Renov 2023	Tenant Chipotle Mexican Grill
Cap Rate 5.00%	Lease Type NN+	Guarantor Corp Traded
Size/SF 2,325	Lease Start 07-01-2024	#Units 3,437
Price/SF $1,200.00	Expiration 06-30-2039	Tenant Type Fast Casual/Rest.
NOI $139,500	R. Term 14.7	Ownership Fee Simple
Rent/SF $60.00	Increases 10.0%/5/yrs	Pop 5Mi 130,832
Lot/AC 0.78	Options 4/5yrs/10%	AHHI 5Mi $78,754

Lease Highlights

Brand new 2023 construction
Brand new 15-year lease with 4 (5-year) options to extend
The lease features 10% rental increases throughout the initial term and option periods
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guaranteed lease (NYSE: CMG)

Location Description

Chipotle is strategically located at the signalized, hard corner intersection of Veterans Parkway and Hamburg Pike, with access to a combined daily traffic count of 27,500 vehicles. The property enjoys convenient nearby access to Interstate 65 (109,000 VPD) and Interstate 265 (68,000 VPD), making it an ideal and centralized location. Additionally, it is positioned as an outparcel to...

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Key Features

New construction
Signalized intersection
Shopping Ctr out-parcel
Freeway close
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Corporate Guarantee
Publicly traded company

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Links

Chipotle Mexican Grill Wikipedia Chipotle Mexican Grill Wikipedia Jeffersonville, Indiana Zip Code 47130 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Chipotle Mexican Grill
Guarantor:Corp Traded
Company:Chipotle Mexican Grill, Inc.
# Units:3,437
Stock: NYSE: CMG

About Tenant

Chipotle Mexican Grill, Inc., or “Chipotle”, is an American chain of fast-casual restaurants in the U.S., United Kingdom, Canada, Germany, and France. The Fortune 500 company...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	3,923	61,526	143,218
2023 Total Population :	3,847	60,503	140,043
2023 Employed Civilian Pop :	1,958	30,678	69,456
2023 Total Businesses :	371	2,001	6,919
2023 Average Household Income :	$ 84,332	$ 71,920	$ 77,679
2023 Total Consumer Spending :	$ 129 M	$ 1621 M	$ 4001 M
2023 Median Age :	44	40	40
2023 Total Households :	1,773	25,807	58,928
2023 Pop Age 25+: Bachelor's Degree :	640	6,708	17,297
2023 Average Home Value :	$ 205,450	$ 196,727	$ 216,673

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Charlestown New Albany Road	Industrial Pkwy	2021	5,283	0.01 mi
Charlestown New Albany Road	Ivanhoe Ave	2021	5,283	0.05 mi
US Hwy 31 E	Independence Ct	2018	11,549	0.37 mi
Charlestown New Albany Pike	Hwy 31 E	2010	11,600	0.44 mi
Industrial Pkwy	Charlestown New Albany Pike	2010	5,100	0.44 mi
US Hwy 31 E	Charlestown New Albany Pike	2013	7,800	0.46 mi
Veterans Pkwy	Hwy 31 E	2010	18,600	0.46 mi
	Charlestown New Albany Rd	2021	5,651	0.47 mi
US 31	I- 65	2021	22,350	0.48 mi
	Charlestown New Albany Pike	2021	6,839	0.48 mi

Listing Broker

Michael Carter

SRS National Net Lease Group

Contact

36 Listings
4442 Views
3 Sold

Frank Rogers

SRS National Net Lease Group

Contact

37 Listings
4556 Views
3 Sold

Michael Carter

Michael Carter joined the National Net Lease Group as first vice president in the Detroit office in 2018. He specializes in the acquisition and disposition of single-tenant and multi-tenant net-leased investment properties. Michael joined SRS with seven years of retail investment sales experience. Prior to joining SRS, he served as senior director with his previous firm. Michael’s deep understanding of the net lease industry and constantly growing market knowledge has earned him several oppo

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Frank Rogers

Frank Rogers joined the National Net Lease Group as first vice president in the Detroit office in 2018. He specializes in the acquisition and disposition of single-tenant and multi-tenant net-leased investment properties. Frank joined SRS with more than five years of retail investment sales experience. At his previous firm, Frank was responsible for the management of his clients’ real estate portfolios across the nation, for which he advised them on the best course of action for their invest

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