1681 Galena Ave Dixon, IL 61021-9612

Property Details for 1681 Galena Ave

Lot size

0.76 lot acres

Property type

Commercial land

APN

18-08-09-101-015

APU

180809101015

Description

Exceptional investment opportunity: a brand-new, 2024-built Chipotle restaurant in Dixon, Illinois, is available for purchase. This 2,350 square foot, Class A property sits on a 0.75-acre lot and boasts a 15-year absolute NNN lease with a credit-rated corporate guarantor, Chipotle Mexican Grill, Inc. The lease features a 5.25% cap rate and a strong NOI of $134,500, with built-in rent bumps of 10% every five years, ensuring consistent income growth. The property is strategically located within the Dixon Gateway Development, a thriving commercial hub featuring national tenants such as Walmart, Marriott, Aldi, and Starbucks, ensuring high visibility and traffic. The property benefits from a modern "Chipotlane" drive-thru, further enhancing its appeal and potential for increased sales. The lease is an absolute NNN lease, meaning the tenant is responsible for all property expenses, providing a truly passive investment opportunity for the owner. With four 5-year renewal options, this investment offers long-term stability and significant return potential. The property's prime location on South Galena Avenue (IL Route 26) provides excellent access and visibility, with proximity to Interstate 88 offering significant regional exposure. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a strong tenant and a proven track record of success. The property's parcel number is 18-08-09-101-015.