Chipotle - Net Lease Property for Sale
Chicago, IL
Key Investment Metrics
Price
$1,851,930
Cap Rate
5.6%
Net Operating Income
$103,708
Building Size
2357 SF
Lot Size
2,357 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
About This Chipotle Net Lease Property
This Chipotle NNN (triple net lease) property is located in Chicago, IL and represents an excellent investment opportunity for commercial real estate investors. The property features 2357 square feet of building space and was built in 2020.
With a cap rate of 5.6%, this Chipotle net lease property offers stable income potential. The asking price is $1,851,930, making it an attractive option for 1031 exchange investors seeking quality Chipotle commercial properties.
Why Invest in Chipotle NNN Properties?
- Stable Income: Chipotle net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Chipotle is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Chicago, IL Market Overview
Located in Chicago, IL, this Chipotle property benefits from strong local demographics and market fundamentals. The Chicago area offers excellent visibility and accessibility, making it an ideal location for Chipotle operations and a solid investment for net lease property buyers.