1620 Veterans Pky - Restaurant FOR SALE


Jeffersonville, IN 47130
$2,790,000 USD
248-688-0630
1620 Veterans Pky, Jeffersonville, IN for Sale
$2,790,000 USD
Restaurant - FOR SALE
1/10
null | 5% Cap Rate

1620 Veterans Pky
Jeffersonville, IN 47130


HIGHLIGHTS

  • Chipotle location with a 15-Year, Triple Net Lease.
  • Strategically located at the signalized hard corner intersection of Veterans Parkway and Hamburg Pike.
  • Nearby access onto Interstate 65(109,000 VPD).

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,790,000 USD

PRICE/SF

$1,200 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

23.55 AC

LAND SF

1,025,959 SF

ZONING

C-1

APN/PARCEL ID

10-21-03-300-751.000-009

ASK ABOUT THIS PROPERTY

Michael CarterSRS Real Estate PartnersMore Info
248-688-0630

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Michael CarterSRS Real Estate PartnersMore Info
248-688-0630

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.