Shopping Strip
New 15 Yr Chipotle & 12 Yr First Watch
1721 S Randall Rd, Algonquin, IL 60102
Listing Price: $5,916,250
Investment Overview
This newly constructed, two-tenant property (2025) presents a rare investment opportunity in a prime retail location, featuring national, internet-resistant tenants secured by long-term leases. Chipotle has committed to an exceptional 15-year lease, complete with a mobile order pickup lane—a notable extension beyond their standard 10-year agreements. First Watch complements this with a 12-year lease. Furthermore, both tenants have 10 percent rent increases every five years.
Strategically situated in an affluent, high-growth area within the Chicago MSA, the property is located in a thriving 2.8-mile retail corridor at the heart of “The Enclave” development. This dynamic hub boasts synergistic tenants and ongoing development activity. By 2029, the population within a one-mile radius is projected to increase by over three percent, with the average household income exceeding $168,000.
New 15 Yr Chipotle & 12 Yr First Watch
Investment Highlights
- New 2025 Construction with Premier Tenancy and Long-Term Leases | Chipotle 15 Years & First Watch 12 Years
- High-Traffic, Synergistic Development | Part of "The Enclave", a 70-Acre Mixed-Use Development
- Strategic Location in a Thriving Retail Hub | Retail Spans a 2.8-Mile Stretch, Filling a Critical Void for Nearby Communities
- Adjacent to Algonquin Commons, Which Draws Over 5.1 Million Annual Visitors (Placer.ai)
- Average Household Income of $152,151 Within a Mile Radius
- Property Features a High-Demand "Chipot-Lane" for Mobile Order Pickup
Listing Price: $5,916,250
Investment Highlights
- New 2025 Construction with Premier Tenancy and Long-Term Leases | Chipotle 15 Years & First Watch 12 Years
- High-Traffic, Synergistic Development | Part of "The Enclave", a 70-Acre Mixed-Use Development
- Strategic Location in a Thriving Retail Hub | Retail Spans a 2.8-Mile Stretch, Filling a Critical Void for Nearby Communities
- Adjacent to Algonquin Commons, Which Draws Over 5.1 Million Annual Visitors (Placer.ai)
- Average Household Income of $152,151 Within a Mile Radius
- Property Features a High-Demand "Chipot-Lane" for Mobile Order Pickup
Investment Overview
This newly constructed, two-tenant property (2025) presents a rare investment opportunity in a prime retail location, featuring national, internet-resistant tenants secured by long-term leases. Chipotle has committed to an exceptional 15-year lease, complete with a mobile order pickup lane—a notable extension beyond their standard 10-year agreements. First Watch complements this with a 12-year lease. Furthermore, both tenants have 10 percent rent increases every five years. Strategically situated in an affluent, high-growth area within the Chicago MSA, the property is located in a thriving 2.8-mile retail corridor at the heart of “The Enclave” development. This dynamic hub boasts synergistic tenants and ongoing development activity. By 2029, the population within a one-mile radius is projected to increase by over three percent, with the average household income exceeding $168,000.
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