Chipotle NNN Property For Sale — Chicago Heights, IL
1399 W Lincoln Highway, Chicago Heights, IL 60411
This is an exceptional opportunity to acquire a newly constructed Chipotle property, featuring their popular 'Chipotlane' drive-thru concept. Strategically located within the Chicago MSA, the asset benefits from high visibility at a signalized intersection with significant traffic counts. The property is an outparcel to a major grocery store and is surrounded by a diverse mix of national retailers, ensuring strong consumer draw. With a new 15-year absolute triple net lease, investors will enjoy passive ownership with no landlord responsibilities and built-in rental escalations. The vibrant surrounding area boasts a dense population and robust average household incomes, making this a compelling investment in a thriving market.
- Address: 1399 W Lincoln Highway, Chicago Heights, IL 60411
- Asking price $2.73M
- 5.25% cap rate
- NOI $143,350
- 13.3 years remaining
- NNN lease
- Year built: 2024
- Building size: 2,350 SF
- Lot size: 0.47 acres
- Lease expiration: Dec 31, 2039
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Location
This Chipotle property is at 1399 W Lincoln Highway in Chicago Heights, Illinois.
Asset type: QSR