202 W Ireland Rd - Freestanding FOR SALE


South Bend, IN 46614- Southside South Bend
$2,675,000 USD
786-522-7009
202 W Ireland Rd, South Bend, IN for Sale
$2,675,000 USD
Freestanding - FOR SALE
1/8
null | 6.66% Cap Rate

202 W Ireland Rd
South Bend, IN 46614
Southside South Bend


HIGHLIGHTS

  • Chipotle 11+ Year Lease – Early Extension – Strong Commitment
  • Located in Dense Retail Corridor – Outparcel to Lowe’s
  • Corporate Guarantees From Chipotle & ATI
  • Only Chipotle Within 5 Miles | Only ATI Physical Therapy Within 9 Miles & Top-Ranking Store (69th percentile nationwide)
  • South Bend – Home to The University of Notre Dame & The Fighting Irish
  • Built in 2015 With a 20 Year Roof Warranty

OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,675,000 USD

PRICE/SF

$535 USD /SF

CAP RATE

6.66%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle & ATI Physical Therapy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

71-08-25-301-002.000-002

ASK ABOUT THIS PROPERTY

Scott SandelinThe Sandelin GroupMore Info
786-522-7009

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Scott SandelinThe Sandelin GroupMore Info
786-522-7009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.