3440 Court St Pekin, IL 61554
New 2025 Chipotle redevelopment with 15-year net lease.
Property size:
3,500 SFLot size:
1.00 AcresProperty Features for 3440 Court St
General Information
- Size
- 3,500 SF
- Lot size
- 1.00 Acres
Source:
Moodyscre
Listing Agent: Isaiah Harf
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
New Chipotle Redevelopment For Sale
This property features a brand new 2025 redevelopment with a Chipotlane and patio. It is offered with a 15-year net lease that includes a roof warranty. Rental escalations are scheduled every five years throughout the primary term and option periods of the lease. This location will be the first Chipotle to open in Pekin, IL. The property is fee-simple ownership, not a ground lease, allowing for potential bonus depreciation. It benefits from proximity to major regional employers, including Caterpillar, Inc. and OSF Healthcare. The property offers excellent access and visibility within a growing retail corridor, near Ross, Marshalls, and Five Below. The location benefits from strong regional fundamentals within the Peoria MSA, with a Walmart Supercenter nearby that ranks as a top 20% store nationally. The building size is 3,500 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Bob Evans
Family Restaurant
Location Insight
- Map
- Local Demand
- City
- Pekin
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.5995276
- Latitude
- 40.5435226
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - New 2025 Chipotle redevelopment with 15-year net lease.
Where is this drive through restaurant located?
The property is located at 3440 Court St Pekin, IL.
What is the asking price?
The asking price for this property is $2,736,360.
What are key features of this property?
This property features: - Brand new 2025 redevelopment featuring Chipotlane & Patio with a 15-year net lease and roof warranty.; - Fee-simple ownership, allowing for 100% bonus depreciation in year one.; - Rental escalations every five years in the primary term and option periods.