Somerstone facilitated the purchase of the property to satisfy a 1031 exchange. This high-quality asset is located on the north side of Indianapolis along the growing Michigan Road retail corridor on the west side of Carmel  and immediately east of Zionsville. The property benefits from some of the best demographics in the state. It was retrofitted from use as a KFC and includes a Chipotlane. Chipotle Mexican Grills executed a 15-year, NNN lease with tenant responsible for all property maintenance, providing our client with a predictable long-term, income stream and limited management responsibilities.