For Sale
$2,790,000
1620 Veterans Pkwy Jeffersonville, IN 47130
High-yield Chipotle, Jeffersonville, IN
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 139
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
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield Chipotle, Jeffersonville, IN
- Where is the retail property located?
- The property is located at 1620 Veterans Pkwy Jeffersonville, IN.
- What is the asking price?
- The asking price for this property is $2,790,000.
- What are key features of this property?
- This property features: $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.
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