Marcus & Millichap is pleased to present a net leased investment opportunity consisting of a top performing Chipotle Mexican Grill & ATI Physical Therapy. The asset is located at 202 W Ireland Rd, South Bend, Indiana. Both Chipotle & ATI are subject to landlord friendly net leases. Showing a strong commitment to the location, Chipotle has just renewed their lease early, adding ten years to the current base term.
The subject property sits on an oversized 1.52 AC lot, with the building’s GLA consisting of 4,900 SF. Chipotle occupies 2,300 GLA and ATI occupies 2,600 GLA. The property fronts on West Ireland Road and is immediately adjacent to the intersection of Interstate-20 & Interstate-31, which has a combined traffic count of over 54,000 vehicles per day. The subject is an outparcel to a center anchored by Lowe’s and a Walmart Supercenter. Other adjacent retailers include Chick-Fil-A, Texas Roadhouse, Buffalo Wild Wings, Verizon, Hardees, Aldi, Culver’s, Taco Bell and Menard’s Home Improvement Center.
South Bend, Indiana, serves as a cultural and economic hub in the South Bend–Mishawaka IN-MI Metropolitan Statistical Area, enriched by the presence of the University of Notre Dame and other significant educational institutions. The city maintains a stable population and benefits from a dynamic economy where education, healthcare, and manufacturing sectors are pivotal to employment growth and economic stability.
Chipotle Mexican Grill and ATI Physical Therapy fill a void within this dense retail corridor. The nearest Chipotle is over 5 miles away and closest ATI 9 miles away. Chipotle operates over 3,500 locations across the United States, with an annual revenue of approximately $9.8 billion. ATI Physical Therapy operates over 850 clinics across 24 states, providing a wide range of outpatient rehabilitation services.
Broker of Record: Josh Carauna, 600 East 96th St., Ste. 500, Indianapolis, IN 46240, Lic #: RB14034355