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4001 Lafountain St
Kokomo, IN 46902

$3,031,000 USD

General Retail For Sale  •  2,325 SF

Property Details

  • Property Type General Retail
  • Total Building Size 2,325 SF
  • Lot Size 0.83 AC
  • Year Built 2024
  • Cap Rate 5.50 %
  • Tenancy Single
0 Transit Score
59 Walk Score

Highlights

ABSOLUTE NNN – Zero landlord responsibilities – Chipotle self maintains CAM, taxes, insurance and is fully responsible for all capital repairs
LOWE’S AND HOME DEPOT ANCHORED TRADE AREA – Surrounded by major national retailers including Lowe’s, McDonald’s, Starbucks, and Olive Garden
10% RENT INCREASES EVERY 5 YEARS – Lease features attractive 10% rental increases every 5 years in base term and in each option period
EXCELLENT VISIBILITY AND ACCESSIBILITY – Situated on high visibility, signalized intersection of E Alto and S Lafountain Rd
BRAND NEW 2024 CONSTRUCTION WITH HIGH-CAPACITY DRIVE-THRU – 2024 new construction prototype featuring dine in option and state of the art “Chipotlane”
STRONG MARKET DEMOGRAPHICS – The site offers strong local demographics, with a population of over 70,000 living within a 5-mile radius

Property Flyers

Cap Rate: 5.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Chipotle 2,325 SF 9/30/2039

Amenities

  • Restaurant
  • Drive Thru

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 31
Type: Surface
Included in Rent: Yes
Patrick Forkin 773-279-5390 Matthews Real Estate Investment Services
Patrick Forkin 773-279-5390 Matthews Real Estate Investment Services