2420 146th St, Carmel, IN 46033-7712
- Drive through restaurants
- 2,299 SF
- 0.16 lot acres
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 type
- Drive through restaurants
- APN
- 29-10-18-000-014.207-015
- APU
- 291018000014207015
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 24, 2024 | $1,721,900 | Cheong Ng Yui | Dashew Fountains Properties LLC | Warranty Deed | — |
| Mar 28, 2022 | — | Dashew Fountains Properties LLC | Fountain Mobile Home Park LP | Warranty Deed | — |
| Nov 9, 2018 | $1,539,330 | Fountains Mobile Home Park LP | Rbl St Carmel LLC | Warranty Deed | — |
| Nov 27, 2007 | — | Rbl St Carmel LLC | Rb Cool Creek LLC | Grant Deed | — |
| Feb 27, 2007 | — | Rb Cool Creek LLC | Krg Cool Creek Outlots LLC | Grant Deed | $700k · David R Rawson |
| Mar 29, 2006 | — | Krg Cool Creek Outlots LLC | Westfield One LLC | Warranty Deed · related | — |
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
-
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
