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Restaurant

Chipotle | 15+ Years | New Construction

Southeast Corner of North Randall Road and McKee Street, Batavia, IL 60510

Listing Price: $2,643,750

Cap Rate
4.00%
Tenant Name
Chipotle
Years Remaining On Lease
15.4
Gross SF
2,350
Guarantor
Corporate Guarantee
Rentable SF
2,350
Price/Gross SF
$1,125.00
Lease Type
Single Net
Rent Per Square Feet
$45.00

Investment Overview

Marcus & Millichap is pleased to present a newly constructed Chipotle in Batavia, Illinois. The building is set to be completed by August 1, 2022. It is relocating from a nearby shopping center, where they have operated since 2001. The new 2022 construction includes a drive-thru (Chipotlane) and an outdoor patio seating area. This property has solid lease terms 15-years net, corporately guaranteed lease by Chipotle Mexican Grill, Inc. This also includes minimal landlord responsibility and strong 10% rent bumps every five years. It is located along a major retail thoroughfare of Kane County. Major retailers in the area include Target. ACE, ALDI, Menards, Home Depot, Walmart, Walgreens, and more. It is ideally situated at the signalized intersection of Randall Road and McKee Street, seeing over 37,000 vehicles per day. It is surrounded by attractive demographics, with an average household income exceeding $155,000 within three miles and an anticipated population growth of 2% by 2026.

Investment Highlights

  • New Built-to-Suit, Stand-Alone Chipotle
  • Relocating from a Nearby Shopping Center, where they have Operated Since 2001
  • New 2022 Construction | Includes Drive-Thru and Outdoor Seating Area
  • Strong Lease Terms | 15-Year Net, Corporately Guaranteed Lease
  • Located Along a Major Retail Thoroughfare of Kane County
  • Ideally Situated at the Signalized Intersection of Randall Road and McKee Street | 37,450 Total Vehicles Passing per Day
  • Attractive Demographics | Affluent Area with Expected Population Growth

Exclusively Listed By

Restaurant

Chipotle | 15+ Years | New Construction

Listing Price: $2,643,750

Cap Rate
4.00%
Tenant Name
Chipotle
Years Remaining On Lease
15.4
Gross SF
2,350
Guarantor
Corporate Guarantee
Rentable SF
2,350
Price/Gross SF
$1,125.00
Lease Type
Single Net
Rent Per Square Feet
$45.00

Investment Highlights

  • New Built-to-Suit, Stand-Alone Chipotle
  • Relocating from a Nearby Shopping Center, where they have Operated Since 2001
  • New 2022 Construction | Includes Drive-Thru and Outdoor Seating Area
  • Strong Lease Terms | 15-Year Net, Corporately Guaranteed Lease
  • Located Along a Major Retail Thoroughfare of Kane County
  • Ideally Situated at the Signalized Intersection of Randall Road and McKee Street | 37,450 Total Vehicles Passing per Day
  • Attractive Demographics | Affluent Area with Expected Population Growth

Investment Overview

Marcus & Millichap is pleased to present a newly constructed Chipotle in Batavia, Illinois. The building is set to be completed by August 1, 2022. It is relocating from a nearby shopping center, where they have operated since 2001. The new 2022 construction includes a drive-thru (Chipotlane) and an outdoor patio seating area. This property has solid lease terms 15-years net, corporately guaranteed lease by Chipotle Mexican Grill, Inc. This also includes minimal landlord responsibility and strong 10% rent bumps every five years. It is located along a major retail thoroughfare of Kane County. Major retailers in the area include Target. ACE, ALDI, Menards, Home Depot, Walmart, Walgreens, and more. It is ideally situated at the signalized intersection of Randall Road and McKee Street, seeing over 37,000 vehicles per day. It is surrounded by attractive demographics, with an average household income exceeding $155,000 within three miles and an anticipated population growth of 2% by 2026.

Exclusively Listed By

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