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Shopping Strip

Chipotle Drive-Thru Anchored Strip Center ( Outlot to Walmart Supercenter)

651 E Lincoln Hwy, New Lenox, IL 60451

Listing Price: $5,295,000

Cap Rate
6.17%
Gross SF
9,907
Rentable SF
9,907
Price/Gross SF
$534.47
Lot Size
1.54 acres
Year Built
2018

Investment Overview

Marcus & Millichap proudly presents a Chipotle Drive-Thru Anchored Strip Center at 651 East Lincoln Highway in New Lenox, Illinois. The building boasts curb appeal due to its spectacular architecture, professional landscaping, and excellent visibility of the heavily traveled Lincoln Highway. The property provides full access to Lincoln Highway and is shadow-anchored by a Walmart Supercenter and located within a major retail corridor. Other additional retailers in the immediate area included TJ Maxx, PETCO, ALDI, Goodwill, Verizon, Culvers, America's Best Contacts & Eyeglasses, and Chase Bank among others. The subject property is 100 percent occupied with each of the five tenants operating under NNN leases, reimbursing for their pro-rata share of operating expenses. The weighted average remaining lease term of the five tenants is over six years. New Lenox Township is located in the heart of Will County, Illinois, on Route 30 and Interstate 80. It serves almost all of the Village of New Lenox and parts of the individual municipalities of Mokena, Homer Glen, Joliet, and the entire unincorporated areas of the New Lenox community. New Lenox is 42 miles southwest of downtown Chicago.

Investment Highlights

  • Shadow Anchored by a Walmart Supercenter in a Major Retail Corridor
  • Features a Chipotlane Drive-Thru with Outside Patio
  • Stabilized Income |100 Percent Occupied
  • All Tenants Operate Under NNN Leases
  • Favorable Will County Taxes
  • Average Weighted Remaining Lease Term of the Five Tenants is Over Six Years
  • Affluent Area | Within Five Mile the Average Household Income is Over $130,000

Exclusively Listed By

Financing By

Shopping Strip

Chipotle Drive-Thru Anchored Strip Center ( Outlot to Walmart Supercenter)

Listing Price: $5,295,000

Cap Rate
6.17%
Gross SF
9,907
Rentable SF
9,907
Price/Gross SF
$534.47
Lot Size
1.54 acres
Year Built
2018

Investment Highlights

  • Shadow Anchored by a Walmart Supercenter in a Major Retail Corridor
  • Features a Chipotlane Drive-Thru with Outside Patio
  • Stabilized Income |100 Percent Occupied
  • All Tenants Operate Under NNN Leases
  • Favorable Will County Taxes
  • Average Weighted Remaining Lease Term of the Five Tenants is Over Six Years
  • Affluent Area | Within Five Mile the Average Household Income is Over $130,000

Investment Overview

Marcus & Millichap proudly presents a Chipotle Drive-Thru Anchored Strip Center at 651 East Lincoln Highway in New Lenox, Illinois. The building boasts curb appeal due to its spectacular architecture, professional landscaping, and excellent visibility of the heavily traveled Lincoln Highway. The property provides full access to Lincoln Highway and is shadow-anchored by a Walmart Supercenter and located within a major retail corridor. Other additional retailers in the immediate area included TJ Maxx, PETCO, ALDI, Goodwill, Verizon, Culvers, America's Best Contacts & Eyeglasses, and Chase Bank among others. The subject property is 100 percent occupied with each of the five tenants operating under NNN leases, reimbursing for their pro-rata share of operating expenses. The weighted average remaining lease term of the five tenants is over six years. New Lenox Township is located in the heart of Will County, Illinois, on Route 30 and Interstate 80. It serves almost all of the Village of New Lenox and parts of the individual municipalities of Mokena, Homer Glen, Joliet, and the entire unincorporated areas of the New Lenox community. New Lenox is 42 miles southwest of downtown Chicago.

Exclusively Listed By

Financing By

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