5697 Blaine Ave | Inver Grove Heights, MN 55076
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- LoopNet Team
5697 Blaine Ave
Inver Grove Heights, MN 55076
Chipotle Drive Thru · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Chipotle with 15 year lease and 10% rental increases every 5 years.
- Chipotle operates 3,371+ locations nationwide, with revenues of $9.9 billion and net worth of $3.06 billion.
- Nearby tenants include CHS Corporate HQ with 1,000 employees, Gerten’s Garden Center with 500 employees, HealthPartners, Caribou Coffee, & more.
- Newly constructed with a “Chipotlane” drive thru, allowing customers to place their order through the Chipotle mobile app or via website.
- This property is located near U.S. HWY 52 where traffic counts average 55,855 vehicles per day & near I-494 where traffic counts average 109,856 VPD.
- Population of 140,764 and average household income of $121,305 within a 5-mile radius.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,325 SF
Building Class
B
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.85 AC
Frontage
166’ on Blaine Avenue East
PROPERTY TAXES
| Parcel Number | 20-14153-01-020 | Improvements Assessment | $481,800 |
| Land Assessment | $284,000 | Total Assessment | $765,800 |
PROPERTY TAXES
Parcel Number
20-14153-01-020
Land Assessment
$284,000
Improvements Assessment
$481,800
Total Assessment
$765,800
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