Chipotle | 1620 Veterans Pky
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Chipotle 1620 Veterans Pky
2,325 SF Retail Building Jeffersonville, IN 47130 $2,790,000 ($1,200/SF) 5% Cap Rate
Investment Highlights
- Chipotle location with a 15-Year, Triple Net Lease.
- Nearby access onto Interstate 65(109,000 VPD).
- Strategically located at the signalized hard corner intersection of Veterans Parkway and Hamburg Pike.
Executive Summary
Chipotle is strategically located at the signalized, hard corner intersection of Veterans Parkway and Hamburg Pike, averaging a combined 27,500 vehicles passing by daily. The asset benefits from nearby access onto Interstate 65 (109,000 VPD) and Interstate 265 (68,000 VPD), making this an ideal and centralized location with easy commutes. Chipotle is ideally situated as an outparcel to Jeffersonville Town Center, a major Community Center anchored by Hobby Lobby, Burlington, Petco, and TJ Maxx. The additional nearby shopping centers include Waterford Park North (217K+ SF), Waterford Park South (124K+ SF), River Falls Mall (957K+ SF), and others. The surrounding national/credit tenants include Menards, Walmart Supercenter, Target, Lowe’s, PetSmart, Meijer, and others. The strong tenant presence drives a loyal, local customer base to the trade area and supports the local economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including Colonial Village (100 units), Armstrong Farm (168 units), Yellowwood Terrace (202 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 130,700 residents and 83,800 daytime employees, with a healthy average household income of $78,754.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,325 SF
Building Class
C
Year Built
2023
Price
$2,790,000
Price Per SF
$1,200
Cap Rate
5%
NOI
$139,500
Tenancy
Single
Building Height
1 Story
Land Acres
23.55 AC
Zoning
C-1 - Commercial
Frontage
82 FT on Veterans Parkway
Nearby Major Retailers
1 of 11
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Chipotle | 1620 Veterans Pky
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