3260 Redhawk St, Coralville, IA 52241

This exceptional investment opportunity presents a newly constructed, 2,337 square-foot Chipotle restaurant located at 3260 Redhawk St, Coralville, IA 52241. Boasting a 15-year net lease (commencing June 19, 2024, and expiring June 30, 2039) with four 5-year renewal options, this property offers a secure, long-term investment. The lease includes a 7.5% rent increase every five years, ensuring consistent growth. The building features the high-performing "Chipotlane" drive-thru concept and benefits from a roof warranty extending to 2044. Situated on a 1.24-acre lot in a C-PUD2 zoned area, this property enjoys a prime location along Coral Ridge Avenue, a major thoroughfare with 30,600 vehicles per day. The area is experiencing significant growth, with nearby retailers including Hy-Vee, Starbucks, and others, plus a new 282-unit apartment complex and a large University of Iowa hospital campus within walking distance. The strong demographics include an average household income exceeding $121,127 within a five-mile radius, encompassing a population of over 66,600, and proximity to the University of Iowa (30,000 students). The property's current NOI is $174,375, resulting in a 5.60% cap rate. This is a rare opportunity to acquire a high-performing, net-leased asset in a rapidly expanding market with a strong, nationally recognized tenant. The asking price is $3,113,839. This property offers exceptional long-term value and strong potential for appreciation.