Current Use by Public Records
- Retail properties & Spaces
Property Details for 12990 Il-47
- Year built
- 2024
- Lot size
- 1.29 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Huntley
- County
- Kane
- State
- Illinois
- Longitude
- -88.4325
- Latitude
- 42.1409
