For Sale
$2,051,000

12990 Il-47 Huntley, IL 60142

Chipotle QSR, 15-year lease, 5.5% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 2,350 square foot Chipotle Mexican Grill located in Huntley, Illinois. Built in 2024, this single-story building sits on a 1.29-acre lot and features Chipotle's latest "Chipotlane" drive-thru prototype, along with an outdoor patio. The property benefits from a 15-year net lease (commencing August 16, 2024, and expiring August 31, 2039), offering a remaining term of approximately 14.8 years. The lease includes four 5-year renewal options and features a 10% rental increase every five years, providing a built-in hedge against inflation. Landlord responsibilities are limited to roof and structure maintenance. The property boasts a strong net operating income (NOI) of $112,800, resulting in an attractive 5.50% capitalization rate. Situated in a rapidly growing area of Huntley, IL, this location benefits from excellent visibility and access within a thriving retail corridor. The property's location is further enhanced by its proximity to major employers, including Weber-Stephen Products, Amazon, and Northwestern Medicine. This is the first Chipotle location in Huntley, capitalizing on the area's expanding population and strong demographics. The property's ground lease is in place, and the asking price is $2,051,000, translating to a price per square foot of $872.77. The property's APN is 02-04-351-003. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a prime location.

Highlights

  • New construction (2024) with 20-year roof warranty, drive-thru, and outdoor patio.
  • Corporate lease with a leading fast-casual restaurant tenant.
  • Long-term net lease with attractive rent escalations.
  • Strong cash flow and depreciation benefits.
  • Located in a fast-growing community with affluent demographics.
  • High visibility in a thriving retail corridor with excellent access.

Property Details for 12990 Il-47

Property type
Retail properties, Restaurants
Square Feet
2,350 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
56,192 SF

Location Insight

City
Huntley
County
Kane
State
Illinois
Latitude
42.1408978
Longitude
-88.432523

FAQs

What type of property is this?
Retail property - Chipotle QSR, 15-year lease, 5.5% cap rate.
Where is the retail property located?
The property is located at 12990 Il-47 Huntley, IL.
What is the asking price?
The asking price for this property is $2,051,000.
What are key features of this property?
This property features: New construction (2024) with 20-year roof warranty, drive-thru, and outdoor patio.; Corporate lease with a leading fast-casual restaurant tenant.; Long-term net lease with attractive rent escalations.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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12990 Il-47
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