For Sale
$2,790,000

1620 Veterans PkwyJeffersonville, IN 47130

High-yield Chipotle, Jeffersonville, IN

Overview

Added:
Dec 11, 2024
Days on market:
116
Brand new Chipotle, 15-year lease, corporate guaranteed, strong returns, excellent location, drive-thru. 2,325 sq ft, 0.78 acres.

Highlights

  • $2,790,000 asking price for a fee-simple interest in a Chipotle restaurant.
  • Net lease, NNN, with a corporate guarantee from Chipotle Mexican Grill.
  • 15-year lease with four 5-year options; 10% rent increases at the beginning of each option period.
  • 2,325 square feet, 100% occupancy, $139,500 NOI, 5.00% cap rate, $1,200 price per square foot.
  • Located at a signalized intersection in Jeffersonville, IN (Louisville MSA), with excellent visibility and a drive-thru. The property is an outparcel to a major community center with strong national tenants nearby.
  • 0.78-acre lot with 36 parking spaces; built in 2023. Strong demographics in the 5-mile trade area.

Property Details for 1620 Veterans Pkwy

Property type
Retail properties, Restaurants
Square Feet
2,325 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
33,977 SF
Units
1

Location Insight

City
Jeffersonville
County
Clark
State
Indiana
Latitude
38.3282449
Longitude
-85.7437739
1620 Veterans Pkwy, Jeffersonville, Indiana

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1620 Veterans Pkwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message