Chipotle for Sale in Chicago, IL
Chicago, IL
Key Investment Metrics
Price
$1,851,930
Cap Rate
5.6%
Net Operating Income
$103,708
Building Size
2357 SF
Land Area
0.4 Acres
Remaining Term
9.5 years
Lease Expiration
12/31/2035
Lease Term
15.1 years
Lease Commencement
12/07/2020
Lease Type
NN
Tenant Credit
Corporate Guarantee
Year Built
2020
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years; 1/1/2031
Property overview
Chipotle in Chicago
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,357 SF
- Land area
- 0.4 acres
- Year built
- 2020
- Lease type
- NN
- Lease expiration
- 12/31/2035
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.