2420 146th St Carmel, IN 46033-7712
Property Lookup
Property profile & analytics
2420 146th St Carmel, IN 46033-7712
- Drive through restaurants
- 2,299 SF
- 0.16 lot acres
Property ID
US31-3363153
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Chipotle Mexican Grill / Restaurant
Property Details for 2420 146th St
- Year built
- 2005
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.16 lot acres
- Property size
- 2,299 SF
- Property type
- Drive through restaurants
- APN
- 29-10-18-000-014.207-015
- APU
- 291018000014207015
Description
This exceptional investment opportunity presents a 2,470 square foot, single-tenant, absolute NNN leased Chipotle restaurant located at 2420 E 146th St, Carmel, IN 46033. The property sits on a 0.164-acre lot within the premier Cool Creek Commons shopping center, boasting strong retail synergy with brands like The Fresh Market, Orange Theory Fitness, and Crumbl Cookies. Built in 2005, this one-story building offers a 100% occupancy rate with a corporate guaranteed lease from Chipotle Mexican Grill, Inc. The current lease features a 4-year remaining term with five, 5-year renewal options, each including a 7% rent increase. The asking price is $1,721,952, representing a 5.50% cap rate. This is an ideal passive investment opportunity due to the absolute NNN lease structure, eliminating landlord responsibilities. The property benefits from its location in Carmel, Indiana, a highly affluent area with an average household income exceeding $157,000 within a one-mile radius. Chipotle's strong brand and demonstrated commitment to the location, evidenced by a lease renewal in 2018, further enhance this investment's appeal. The Hamilton County location is further identified by APN 29-10-18-000-014.207-015.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,720,000
- ML approach
- $1,720,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Carmel
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.119
- Latitude
- 40.0008
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$25,930
$750,500
$363,100
$1,113,600
-
$750,500
$363,100
$1,113,600
