Jeffersonville, IN - Chipotle

1620 Veterans Pkwy, Jeffersonville, IN

$2,790,000

Price

5%

Cap Rate

$139,500

NOI

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Street
Map
Overview
Cap Rate
5%
NOI
$139,500
Building Size
2,325 sqft
Lot Area
0.78 acres
Occupancy
100%
Year Built
2023
Floors
1
Description

Chipotle is strategically located at the signalized, hard corner intersection of Veterans Parkway and Hamburg Pike, averaging a combined 27,500 vehicles passing by daily. The asset benefits from nearby access onto Interstate 65 (109,000 VPD) and Interstate 265 (68,000 VPD), making this an ideal and centralized location with easy commutes. Chipotle is ideally situated as an outparcel to Jeffersonville Town Center, a major Community Center anchored by Hobby Lobby, Burlington, Petco, and TJ Maxx. The additional nearby shopping centers include Waterford Park North (217K+ SF), Waterford Park South (124K+ SF), River Falls Mall (957K+ SF), and others. The surrounding national/credit tenants include Menards, Walmart Supercenter, Target, Lowe’s, PetSmart, Meijer, and others. The strong tenant presence drives a loyal, local customer base to the trade area and supports the local economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including Colonial Village (100 units), Armstrong Farm (168 units), Yellowwood Terrace (202 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 130,700 residents and 83,800 daytime employees, with a healthy average household income of $78,754.

Chipotle is strategically located at the signalized, hard corner intersection of Veterans Parkway and Hamburg Pike, averaging a combined 27,500 vehicles passing by daily. The asset benefits from nearby access onto Interstate 65 (109,000 VPD) and Interstate 265 (68,000 VPD), making this an ideal and centralized location with easy commutes. Chipotle is ideally situated as an outparcel to Jeffersonville Town Center, a major Community Center anchored by Hobby Lobby, Burlington, Petco, and TJ Maxx. The additional nearby shopping centers include Waterford Park North (217K+ SF), Waterford Park South (124K+ SF), River Falls Mall (957K+ SF), and others. The surrounding national/credit tenants include Menards, Walmart Supercenter, Target, Lowe’s, PetSmart, Meijer, and others. The strong tenant presence drives a loyal, local customer base to the trade area and supports the local economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including Colonial Village (100 units), Armstrong Farm (168 units), Yellowwood Terrace (202 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 130,700 residents and 83,800 daytime employees, with a healthy average household income of $78,754.

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Listing ID: a28TP000000IE7lYAG
Location
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