2511 Chester Blvd Richmond, IN 47374
High-yield Chipotle, Richmond, IN.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- 15-year corporate Chipotle lease with four 5-year renewal options and 10% rent increases every five years.
- Outparcel to a high-traffic Meijer grocery store (2M annual visits).
- Excellent college town location near Indiana University East, Ivy Tech, and Purdue Polytechnic Richmond (4,940+ students).
- Adjacent to Reid Health, a major 223-bed regional medical center (3,500+ employees).
- Investment-grade tenant: Chipotle, the second-largest Mexican restaurant chain globally, with strong revenue growth.
Property Details for 2511 Chester Blvd
- Property type
- Retail properties
- Square Feet
- 2,350 SF
- Year Built
- 2024
- Lot Size (sq. ft)
- 46,609 SF
Location Insight
- City
- Richmond
- County
- Wayne
- State
- Indiana
- Latitude
- 39.8692199
- Longitude
- -84.8878276
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield Chipotle, Richmond, IN.
- Where is the retail property located?
- The property is located at 2511 Chester Blvd Richmond, IN.
- What is the asking price?
- The asking price for this property is $2,875,000.
- What are key features of this property?
- This property features: 15-year corporate Chipotle lease with four 5-year renewal options and 10% rent increases every five years.; Outparcel to a high-traffic Meijer grocery store (2M annual visits).; Excellent college town location near Indiana University East, Ivy Tech, and Purdue Polytechnic Richmond (4,940+ students).
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