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Richmond, IN 47374

Chipotle Drive-Thru

Property Address

2511 Chester Blvd, Richmond, IN, USA

Offering Summary

  • Price: $2,823,000
  • Lot Size: 1.07 Acres
  • Cap Rate: 5.60%
  • Year Built: 2024
  • Building SF: 2,350
  • Status: In Escrow
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  • New 15-Year Lease with 10% Increases Every 5 Years
  • Corporate Guaranty (3,437+ Locations) by Fortune 500 Company, $10.98 Billion in Annual Revenue
  • Chipotle’s Stock (NYSE: CMG) has Increased Approximately 250% Over the Last 5 Years
  • Average Unit-Level Sales for Chipotle is Nearly $3.5 Million in the U.S., Equates to a 4.5% Rent-to-Sales Ratio for this Store
  • Brand New Prototype with “Chipotlane” Drive-Thru, Minimal Landlord Responsibilities
  • Only Chipotle Drive-Thru in Wayne County Serving Over 66,000+ Residents
  • Outparcel to High-Volume Meijer Anchored Center (2+ Million Shoppers/Year), Only Meijer in 30 Miles
  • Adjacent to 800,000 SF Reid Hospital Regional Medical Center with 3,500+ Employees, Serves 280,000 Residents in Indiana and Ohio

Broker Information

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