1205 Main St - Freestanding FOR SALE
Crown Point, IN 46307 |
$3,263,158 USD
858-373-3184
1205 Main St
Crown Point, IN 46307
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.
- Chipotle is one of the Largest Mexican Restaurant Chains in the U.S. in terms of Sales and Number of Locations.
- Densely Populated and Affluent Northern Indiana Suburb: Average Household Income of $99k+ w/in a 3-Mile Radius and 93k People w/in 5-Mile Radius.
- Crown Point’s Steady Population Growth, fueled by New Housing for Families, Professionals, and Retirees, Boosts Demand for Dining and Convenience.
- Directly Across from a Jewel-Osco Anchored Retail Center and near Numerous other National Retailers including ALDI, Walgreens, Strack & Van Til, etc.
OVERVIEW
Chipotle Mexican Grill w/ Drive Thru | Rare 15 Year Absolute Net Lease | Brand New 2025 Construction | Affluent, High Density & Growing Suburb of Chicago | Across from a Jewel-Osco Anchored Retail Center | Rare Fee Simple | Qualifies for Depreciation
Indiana Broker of Record: Josh Caruana | 600 East 96th St., Ste. 500 Indianapolis, IN 46240 | P: (317) 218-5300 | Lic #: RB14034355 | Josh.Caruana@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$3,263,158 USD
CAP RATE
4.75%
% LEASED
-
TENANCY
Single
STATUS
Under Construction
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CHIPOTLE w/ DR-THRU | RARE 15 YR ABSOLUTE NET
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Fast Food, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.9 AC
LAND SF
39,204 SF
ZONING
-
APN/PARCEL ID
45-16-05-130-014.000-042,45-16-05-130-015.000-042,45-16-05-130-016.000-042
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858-373-3184
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858-373-3184
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