May 15, 2024 – Greg Moore of Horvath & Tremblay has successfully completed the sale of Chipotle in Camby, Indiana. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,645,000.
Chipotle is located at 8116 Upland Bend in Camby, Indiana. The new construction Chipotle consists of a 2,325 square foot building with a Chipotlane (drive thru). Chipotle has a new 15-year Modified NNN Lease (Landlord is responsible for the structure only) with four (4), five-year renewal options and features rent increases of 10% every five years throughout the base term and option periods. The property is extremely well located adjacent to the intersection of E County Road 800 S and IN Route 67, the area’s primary commercial and commuter corridor. The new construction Chipotle is adjacent to several nationally tenanted pad sites including Starbucks, Applebee’s, Wendy’s, Taco Bell, and Sonic and is an outparcel to a freestanding Menard’s and Walmart Supercenter, all of which drive significant traffic to the area. The Property is 4.5-miles from Interstate 70, and 6-miles from Indianapolis International Airport. Additionally, the Property is surrounded by densely populated residential neighborhoods providing a built-in customer base.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.