1681 Galena AveDixon, IL 61021
High-yield, corporate-guaranteed Chipotle
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 93
Highlights
- 15-year NNN lease with four 5-year options; 10% rent increases every five years; corporate guarantee from Chipotle Mexican Grill, Inc.
- Absolute NNN lease; tenant responsible for all property expenses; hands-off passive investment.
- Brand new 2024 construction; features a Chipotlane drive-thru.
- 10% annual rent increases built into the lease for the base term and each option period.
- Located in the Dixon Gateway Development, alongside Walmart, Marriott, Aldi, Starbucks, and other national tenants.
- High visibility location on South Galena Avenue (IL Route 26), with excellent Interstate 88 access.
Property Details for 1681 Galena Ave
- Property type
- Other retail properties, Restaurants
- Square Feet
- 2,350 SF
- Class
- A
- Year Built
- 2024
- Lot Size (sq. ft)
- 32,670 SF
Location Insight
- City
- Dixon
- County
- Lee
- State
- Illinois
- Latitude
- 41.82613334
- Longitude
- -89.47520078
Nearby Similar for Sale
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