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CHIPOTLE 4001 Lafountain St

2,325 SF Retail Building Kokomo, IN 46902 $3,031,000 ($1,304/SF) 5.50% Cap Rate

Retail Space Indiana Kokomo 4001 Lafountain St, Kokomo, IN 46902

Investment Highlights

  • ABSOLUTE NNN – Zero landlord responsibilities – Chipotle self maintains CAM, taxes, insurance and is fully responsible for all capital repairs
  • 10% RENT INCREASES EVERY 5 YEARS – Lease features attractive 10% rental increases every 5 years in base term and in each option period
  • BRAND NEW 2024 CONSTRUCTION WITH HIGH-CAPACITY DRIVE-THRU – 2024 new construction prototype featuring dine in option and state of the art “Chipotlane”
  • LOWE’S AND HOME DEPOT ANCHORED TRADE AREA – Surrounded by major national retailers including Lowe’s, McDonald’s, Starbucks, and Olive Garden
  • EXCELLENT VISIBILITY AND ACCESSIBILITY – Situated on high visibility, signalized intersection of E Alto and S Lafountain Rd
  • STRONG MARKET DEMOGRAPHICS – The site offers strong local demographics, with a population of over 70,000 living within a 5-mile radius

Executive Summary

Broker of Record
Kyle Matthews
License No. RB17001213 (IN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Attachments

Marketing Brochure/Flyer

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
2,325 SF
Year Built
2024
Price
$3,031,000
Price Per SF
$1,304
Cap Rate
5.50%
NOI
$166,725
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.83 AC
Parking
31 Spaces (13.33 Spaces per 1,000 SF Leased)

Amenities

  • Restaurant
  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Chipotle
  • -
  • 2,325 SF
  • -
  • Triple Net
  • Sep 2039
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Chipotle - 2,325 SF - Triple Net Sep 2039

Links

1 of 1

Nearby Major Retailers

Starbucks
Texas Roadhouse
Olive Garden Italian Rstrnt
Krispy Krunchy Chicken
IHOP
Golden Corral
Cracker Barrel Old Country Store
Outback Steakhouse
Applebee's
PNC Bank
(773) 279-5390

Contacts

  • Listing ID: 33240658

  • Date on Market: 9/19/2024

  • Last Updated:

  • Address: 4001 Lafountain St, Kokomo, IN 46902

The Retail Property at 4001 Lafountain St, Kokomo, IN 46902 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

Nearby Listings

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The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

CHIPOTLE | 4001 Lafountain St
(773) 279-5390 x

CHIPOTLE | 4001 Lafountain St

1/4

Patrick Forkin

(773) 279-5390

(773) 279-5390

Lee Chandler

(773) 289-0965

(773) 289-0965

Michael Neils

(720) 800-9764

(720) 800-9764

Nick Seltzer

(312) 690-6274

(312) 690-6274

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