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Off Market
1/9

4165 N Water St
Decatur, IL 62526


HIGHLIGHTS

  • Corporate Guaranteed Lease | Options To Extend | Scheduled Rental Increases
  • Brand New Construction | Rare Freestanding Chipotle | Drive-Thru “Chipotlane” Concept | Ongoing Development | Tenant Sales Resistant to Coronavirus
  • NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Major Thoroughfares | Across from 24-Hour Walmart Supercenter | Strong National/Credit Tenant Presence
  • Demographics In 5-Mile Trade Area | Healthy 1-Mile Incomes

OVERVIEW

Chipotle is strategically located at the signalized, hard corner intersection of N. Water St. and Ash Street, averaging a combined 37,000 vehicles passing by daily. Two monument signs provide excellent visibility along both cross streets. The site is also within close proximity to multiple major commuter thoroughfares traveling throughout Central Illinois, including Interstate 72 (18,000 VPD) and State Highway 121 (21,500 VPD). The centralized location provides the site with easy commuting access to consumers throughout the region. The freestanding building benefits from superior store visibility at the intersection, as well as a drive-thru “Chipotlane” to accommodate the growing volume of mobile orders. On average, stores equipped with drive-thrus experience higher sales than those without. Moreover, the asset is situated directly across from a Walmart Supercenter and Sam’s Club anchored shopping center, significantly promoting crossover traffic and store exposure. Other nearby national/credit tenants include Target, Kroger, Kohl’s, Hobby Lobby, Ross, and more, further increasing consumer draw to the subject trade area. The 5-mile trade area is supported by more than 64,000 residents and 39,000 employees. Residents within a 1-mile trade radius boast a healthy average household income in excess of $81,500.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Chipotle | New 10yr NNN | DriveThru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

2400

STORIES

1

YEAR BUILT

2019

SPRINKLERS

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PARKING SPACES

73

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

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