3260 Redhawk St - Fast Food FOR SALE


Coralville, IA 52241
$3,032,609 USD
319-229-1003
3260 Redhawk St, Coralville, IA for Sale
$3,032,609 USD
Fast Food - FOR SALE
1/3
null | 5.75% Cap Rate

3260 Redhawk St
Coralville, IA 52241


HIGHLIGHTS

  • Affluent area – six-figure average household income within three miles ($121,127)
  • Publicly traded – #399 on 2024 Fortune 500 list - $76 billion market cap
  • New construction – “Chipotlane” concept
  • Located along Coral Ridge Avenue (30,600 VPD)
  • Proximity to Interstate 80 (75,000 VPD) & Interstate 380 (53,100 VPD)
  • 66,600+ people live within a five-mile radius

OVERVIEW

Cushman & Wakefield – Iowa Commercial Advisors is pleased to exclusively market for sale a single-tenant net-leased Chipotle property in Coralville, Iowa. This property, constructed in 2024 specifically for Chipotle, features a new 15-year lease running through June 2039. The lease includes 7.5% scheduled rental escalations every five years throughout the primary term, with four additional 5-year renewal options. The property incorporates the new “Chipotlane” drive-thru concept, which has been shown to significantly boost sales.

FOR SALE DETAILS

PRICE

$3,032,609 USD

PRICE/SF

$489 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,145 SF

ZONING

C-1

APN/PARCEL ID

0624377002

ASK ABOUT THIS PROPERTY

Josh SeamansCushman & Wakefield | Iowa Commercial AdvisorsMore Info
319-229-1003

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

Josh SeamansCushman & Wakefield | Iowa Commercial AdvisorsMore Info
319-229-1003

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