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5770 Coventry Ln
Fort Wayne, IN 46804
Chipotle | Fort Wayne, IN · Retail Property For Sale
Investment Highlights
- Brand-New Chipotle Habanero Prototype: Brand-new 15-year NNN lease
- Corporate-guaranteed lease (NYSE: CMG); over 4,200 stores in the U.S., Canada, France, Germany, and the United Kingdom
- This location features a drive-thru, a proven driver of higher sales performance compared to non-drive-thru stores
- 10% increases every 5 years during base term and four 5-year option periods
- The new prototype streamlines mobile orders with dual pickup lines (indoor and outdoor) and upgraded kitchen equipment
- Chipotle sits as a pad to the #1 ranked Kroger in Indiana and #14 ranked location in the U.S. (Placer.ai)
Executive Summary
New Construction 15-Year NNN Lease | Pad to #1 Kroger in Indiana (Placer.ai) | 10% Increases Every 5 Years
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
2,385 SF
Building Class
C
Year Built
1989
Price
$4,859,385 CAD
Price Per SF
$2,037.48 CAD
Cap Rate
5.25%
NOI
$255,118 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.08 AC
Zoning
C - Commercial
Parking
25 Spaces (10.48 Spaces per 1,000 SF Leased)
Frontage
207’ on Coventry Ln
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 02-11-23-377-002.000-075 | Improvements Assessment | $199,930 CAD |
| Land Assessment | $358,186 CAD | Total Assessment | $558,116 CAD |
Property Taxes
Parcel Number
02-11-23-377-002.000-075
Land Assessment
$358,186 CAD
Improvements Assessment
$199,930 CAD
Total Assessment
$558,116 CAD
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