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- LoopNet Team
4165 N Water St
Decatur, IL 62526
Chipotle | New 10yr NNN | DriveThru · Retail Property For Sale
Investment Highlights
- Corporate Guaranteed Lease | Options To Extend | Scheduled Rental Increases
- NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Demographics In 5-Mile Trade Area | Healthy 1-Mile Incomes
- Brand New Construction | Rare Freestanding Chipotle | Drive-Thru “Chipotlane” Concept | Ongoing Development | Tenant Sales Resistant to Coronavirus
- Signalized, Hard Corner Intersection | Major Thoroughfares | Across from 24-Hour Walmart Supercenter | Strong National/Credit Tenant Presence
Property Facts
Amenities
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
About 4165 N WATER ST , DECATUR, IL 62526
Chipotle is strategically located at the signalized, hard corner intersection of N. Water St. and Ash Street, averaging a combined 37,000 vehicles passing by daily. Two monument signs provide excellent visibility along both cross streets. The site is also within close proximity to multiple major commuter thoroughfares traveling throughout Central Illinois, including Interstate 72 (18,000 VPD) and State Highway 121 (21,500 VPD). The centralized location provides the site with easy commuting access to consumers throughout the region. The freestanding building benefits from superior store visibility at the intersection, as well as a drive-thru “Chipotlane” to accommodate the growing volume of mobile orders. On average, stores equipped with drive-thrus experience higher sales than those without. Moreover, the asset is situated directly across from a Walmart Supercenter and Sam’s Club anchored shopping center, significantly promoting crossover traffic and store exposure. Other nearby national/credit tenants include Target, Kroger, Kohl’s, Hobby Lobby, Ross, and more, further increasing consumer draw to the subject trade area. The 5-mile trade area is supported by more than 64,000 residents and 39,000 employees. Residents within a 1-mile trade radius boast a healthy average household income in excess of $81,500.
