For Sale
$1,885,704

13340 Cicero Ave Crestwood, IL 60445

High-Demand QSR, Long-Term Lease

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a fee-simple interest in a 2,370-square-foot Chipotle restaurant located at 13340 S Cicero Ave, Crestwood, IL 60445. Built in 2013, this single-story building sits on a 0.92-acre lot and boasts a strong 100% occupancy rate since March 1, 2013, with a corporate lease extending to July 31, 2035 (10.7 years remaining). The lease includes two 5-year renewal options and a 10% rent increase every five years, starting in 2030. The property generates a substantial net operating income (NOI) of $108,428, resulting in an attractive 5.75% cap rate. This prime location on Cicero Avenue (38,300+ vehicles per day) offers excellent visibility and accessibility, further enhanced by its proximity to I-294 (133,000+ vehicles per day). The property benefits from its position within a thriving retail corridor, surrounded by national retailers such as Walmart, Target, Menards, and many others. This investment is situated in the Cook County, Illinois, within the Chicago MSA, a highly populated and affluent suburban area. The property's strong tenant, long-term lease, and prime location make it an ideal addition to any investment portfolio. The asking price is $1,885,704. APN: 24-33-403-024-0000.

Highlights

  • $1,885,704 asking price for a fee-simple interest in a Chipotle restaurant.
  • Net lease investment with a single tenant (Chipotle).
  • 10.7 years remaining on the lease, expiring July 31, 2035, with two 5-year renewal options.
  • 2,370 square foot building on a 0.92-acre lot, built in 2013.
  • 5.75% cap rate based on a $108,428 net operating income (NOI).
  • Located at 13340 S Cicero Ave, Crestwood, IL 60445, in a high-traffic area with strong co-tenancy.

Property Details for 13340 Cicero Ave

Property type
Retail properties
Square Feet
2,370 SF
Year Built
2013
Buildings
1
Stories
1
Lot Size (sq. ft)
40,075 SF

Location Insight

City
Crestwood
County
Cook
State
Illinois
Latitude
41.6494175
Longitude
-87.7387127

FAQs

What type of property is this?
Retail property - High-Demand QSR, Long-Term Lease
Where is the retail property located?
The property is located at 13340 Cicero Ave Crestwood, IL.
What is the asking price?
The asking price for this property is $1,885,704.
What are key features of this property?
This property features: $1,885,704 asking price for a fee-simple interest in a Chipotle restaurant.; Net lease investment with a single tenant (Chipotle).; 10.7 years remaining on the lease, expiring July 31, 2035, with two 5-year renewal options.
How can I contact the broker?
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13340 Cicero Ave
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