Listed by Trinity Real Estate Investment Services
$1,851,930
Chipotle Mexican Grill
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,357
Cap Rate 5.6%
NOI $103,708
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, Chick-fil-A
Lease Type NN
Lease Term 15.1
Lease Expiration 12/31/2035
Remaining Term 9.6
Rent Bumps Yes
Lease Options Three (3), 5-Year, 10%
Price per SqFt $786
Year Built 2020
Acreage 0.400
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/07/2020
Ground Lease No
Retail | 5.6% CAP | 2,357 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Chipotle Mexican Grill in Chicago, IL. This property features an NN lease with the landlord responsible only for roof and structure, offering over 9.5 years remaining on the primary term and 10% rent increases every five years.
Property Website: https://trinityreis.com/listing/5533-s-harlem-ave/
In cooperation with Brian Brockman at Bang Realty-Illinois, Inc | IL #471020548 | [email protected] | (513) 898-1551
Investment highlights
- Chipotle Mexican Grill in Chicago, IL With 9.5+ Years Remaining on Primary Term
- NN Lease - Landlord Responsible for Roof & Structure Only
- 10% Rent Increases Every 5 Years
- Near a Highly Trafficked Intersection Having a Combined VPD of 76,000+
- ALDI Adjacent Parcel, Featuring Multiple Entry Points and Ample Parking Spaces, Ensuring Customer Convenience and Accessibility
- Affluent Chicago Community With $112K+ Avg. Household Income and 452,000+ Residents Within a Dense 5‑Mile Radius
- Garfield Ridge Submarket, Located in a Dense Chicago Neighborhood With Strong Demographics and Consistent Consumer Demand
- Minutes from Chicago Midway International Airport, Surrounded by National Credit Tenants and Schools That Drive Strong Daytime Foot Traffic
- Prime Location Only 12 Miles From Chicago’s Core, Serving a Massive 9.4M+ Metro Population
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$103,708.00
$8,642.33/mo
Valuation Metrics
0
DSCR
5.6%
Cap Rate
5.6%
ROI
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