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CHIPOTLE w/ DR-THRU | RARE 15 YR ABSOLUTE NET 1205 Main St

2,350 SF Retail Building Crown Point, IN 46307 $3,263,158 ($1,389/SF) 4.75% Cap Rate

Retail Buildings Indiana Crown Point 1205 Main St, Crown Point, IN 46307

Investment Highlights

  • Rare 15 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
  • Chipotle is one of the Largest Mexican Restaurant Chains in the U.S. in terms of Sales and Number of Locations.
  • Crown Point’s Steady Population Growth, fueled by New Housing for Families, Professionals, and Retirees, Boosts Demand for Dining and Convenience.
  • Brand New 2025 High Quality Construction featuring a Drive Thru Pick-Up Lane. Rare Fee Simple Qualifying for Depreciation.
  • 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.
  • Directly Across from a Jewel-Osco Anchored Retail Center and near Numerous other National Retailers including ALDI, Walgreens, Strack & Van Til, etc.

Executive Summary

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

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,350 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$3,263,158
Price Per SF
$1,389
Cap Rate
4.75%
NOI
$155,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
0.90 AC

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Chipotle
  • Retailer
  • 2,350 SF
  • -
  • Triple Net
  • Mar 2040
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Chipotle Retailer 2,350 SF - Triple Net Mar 2040

Links

1 of 1

PROPERTY TAXES

Parcel Numbers
Multiple
  • 45-16-05-130-014.000-042
  • 45-16-05-130-015.000-042
  • 45-16-05-130-016.000-042
 Improvements Assessment $0
Land Assessment $91,500 Total Assessment $91,500

PROPERTY TAXES

Parcel Numbers
Multiple
  • 45-16-05-130-014.000-042
  • 45-16-05-130-015.000-042
  • 45-16-05-130-016.000-042
Land Assessment
$91,500
Improvements Assessment
$0
Total Assessment
$91,500
(858) 373-3184

  • Listing ID: 33788665

  • Date on Market: 11/7/2024

  • Last Updated:

  • Address: 1205 Main St, Crown Point, IN 46307

More public record information on 1205 Main St, Crown Point, IN 46307

The Retail Property at 1205 Main St, Crown Point, IN 46307 is currently available For Sale. Contact The Mansour Group of Marcus & Millichap for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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CHIPOTLE w/ DR-THRU | RARE 15 YR ABSOLUTE NET | 1205 Main St
(858) 373-3184 x

CHIPOTLE w/ DR-THRU | RARE 15 YR ABSOLUTE NET | 1205 Main St

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Alvin Mansour

(858) 373-3184

(858) 373-3184

Brendan Kenavan

(858) 373-3141

(858) 373-3141

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