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This exceptional investment opportunity presents a newly constructed, 5,849 square foot retail property in Wheaton, Illinois, boasting two strong national tenants: Chipotle and VCA Animal Hospital. Both tenants occupy the entire building under 10-year net leases, commencing June 16, 2023, and expiring March 31, 2034. The leases include significant 10% rent bumps every five years, ensuring consistent income growth throughout the lease term and any renewal options (Chipotle has 3 (5) year options, VCA has 2 (5) year options). The property sits on a 1.21-acre lot with 49 parking spaces and benefits from a prime location on a busy retail corridor in affluent DuPage County. The average household income within a one-mile radius is $172,244, supporting a strong customer base. The property's strategic location is further enhanced by its proximity to major shopping centers, including Town Square Wheaton, Danada Square West and East, and Rice Lake Square, attracting millions of annual visitors. High traffic counts on nearby Naperville Road, East Loop Road, and Route 56, along with the proximity to the Wheaton Metra Station, ensure excellent visibility and accessibility. The property offers a 6.00% cap rate and a Net Operating Income (NOI) of $255,862, making it an attractive investment with significant long-term potential. The property features one single-story building, built in 2023, with a total of 5,849 net rentable square feet. The asking price is $4,264,367, translating to a price per square foot of $729.08. The property's strong tenant mix, favorable lease terms, and prime location make it an ideal addition to any investment portfolio.
Highlights
New construction, net lease property, 100% occupied.
Chipotle relocated to this location from a nearby site.
Chipotle and VCA Animal Hospital are tenants with 10-year leases.
Excellent DuPage County location; affluent area with $172,244 average household income within one mile.
High-traffic retail location with strong surrounding businesses and national tenants.
0.3 miles from Danada Square West Shopping Mall, attracting 3.2 million annual visitors.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.