Property summary
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 2,350 square-foot Chipotle restaurant located at 2511 Chester Boulevard in Richmond, Indiana. Built in 2024, this single-tenant property boasts a strong 15-year net lease with a corporate guarantee from Chipotle, the second-largest Mexican restaurant chain globally. The lease includes four, five-year renewal options and attractive 10% rent increases every five years, ensuring consistent income growth. The… property benefits from a prime location as an outparcel to a high-traffic Meijer grocery store, attracting over 2 million annual visits and situated within a 30-mile radius with no other Meijer locations. Its visibility is further enhanced by frontage along Chester Boulevard, experiencing over 16,000 vehicles daily, and proximity to Interstate 70 (38,000 VPD). The property's strategic location also benefits from its adjacency to Indiana University East, Ivy Tech Community College, and Purdue Polytechnic Richmond (over 4,940 students) and Reid Health, a 223-bed regional medical center employing over 3,500 people. The property sits on a 1.07-acre lot and offers a compelling 5.50% cap rate with a current NOI of $158,100 and an asking price of $2,875,000 ($1,223.40/sq ft). This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential in a thriving market. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 15 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 2,350 SF
- Lot area
- 1.07 ac
- Year built
- 2024
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- NOI Potential
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- Alternative use
- Local Zoning Insight
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- Ownership
- Owner Contacts
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- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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