Chipotle Drive-Thru
Single-Tenant Offerings
Chipotle Drive-Thru
7518 E. U.S. Highway 36
Avon (Indianapolis MSA), IN
- Price:
- $3,627,000
- Cap Rate:
- 5.10%
- NOI:
- $185,000
- Rentable SQFT:
- 3,020 SF
- Year Built:
- Full Renovation 2025
- Lot Size:
- 1.06 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Available
Investment Highlights
- New 15-Year Absolute NNN Lease, Zero Landlord Responsibilities
- 10% Increases Every 5 Years Throughout the Base Term and Options
- Corporate Guaranty (3,679+ Locations) by Fortune 500 Company, $10.98 Billion in Annual Revenue
- Average Unit-Level Sales for Chipotle is Nearly $3.5 Million in the U.S., Equates to a 5.3% Rent-to-Sales Ratio at this Location
- Brand New Prototype with “Chipotlane” Drive-Thru on 1+ Acre Parcel
- Serving Over 120,700 Residents in Rapidly Growing Suburb to Indianapolis
- Hendricks County is One of the Fastest Growing Counties in the U.S.
- Average Household Incomes Exceed $114K in 1 Mile and $128K in 3 Miles
- Just East of Avon Easton Gray, a $500 Million Mixed-Use Development with 1,281 New High-End Residences and Riverwalk Village Center District
- Minutes to $300 Million Hobbs Station Mixed-Use Development with 980 New Residences, Logistics, Office, and Retail Space
- Down the Street from New High-Volume Costco, Walmart Supercenter, Target, Menards, Meijer, Lowe’s, Kroger, Dick’s, Hobby Lobby, Best Buy, and Many More
- Prime Location in Regional Retail Corridor and Accessible to 37,000+ Cars/Day
- Close Proximity to New 1.1 Million SF Avon Logistics Center and 330-Acre Industrial Warehouse Development with 5.7 Million SF
- 3.5 Miles to IU Health West Hospital with 803 Employees, Recently Completed $84 Million Expansion
- Over 32,000 Employees in Primary Trade Area, 41% Estimated Job Growth Over the Next 10 Years
- Surrounded by Several K-12 Schools with 11,000+ Students
- Only 9 Miles to Indianapolis International Airport and 14 Miles to Downtown Indianapolis
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