12990 Il-47Huntley, IL 60142

For Sale
$2,051,000

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

Overview

Added:
Dec 11, 2024
Days on market:
94
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
Other 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
12990 Il-47, Huntley, Illinois

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12990 Il-47
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