2420 146Th StCarmel, IN 46033

This exceptional investment opportunity presents a 2,470 square foot, single-tenant, absolute NNN leased Chipotle restaurant located at 2420 E 146th St, Carmel, IN 46033. The property sits on a 0.164-acre lot within the premier Cool Creek Commons shopping center, boasting strong retail synergy with brands like The Fresh Market, Orange Theory Fitness, and Crumbl Cookies. Built in 2005, this one-story building offers a 100% occupancy rate with a corporate guaranteed lease from Chipotle Mexican Grill, Inc. The current lease features a 4-year remaining term with five, 5-year renewal options, each including a 7% rent increase. The asking price is $1,721,952, representing a 5.50% cap rate. This is an ideal passive investment opportunity due to the absolute NNN lease structure, eliminating landlord responsibilities. The property benefits from its location in Carmel, Indiana, a highly affluent area with an average household income exceeding $157,000 within a one-mile radius. Chipotle's strong brand and demonstrated commitment to the location, evidenced by a lease renewal in 2018, further enhance this investment's appeal. The Hamilton County location is further identified by APN 29-10-18-000-014.207-015.