Restaurant
Chipotle
1207 N Keller Dr, Effingham, IL 62401
Listing Price: $2,400,000
Investment Overview
Marcus and Millichap is pleased to present for your acquisition review Chipotle in Effingham, IL. Chipotle is perfectly positioned on 0.59 acres in the heart of the retail corridor (25,700+ Vehicles Per Day) and is one of the first restaurants located off the busy interstate exit. Effingham serves as the center of the economic regional trade area for south-central Illinois. The town sits at the crossroads of US Highway 70 (3 Vehicles Per Day) and US Highway 57 which poises it for continued growth and economic expansion. Chipotle signed an original 10-year lease in 2016, leaving over four years of lease term remaining. Each of the five, five-year options features rent increase, an ideal hedge against inflation. The tenant reimburses for all expenses along with a 15% admin fee providing for minimal landlord responsibilities. The roof has 10 years of warranty remaining. Chipotle reports over $7.1 billion in sales across its more than 2,800 restaurants. Company revenues have increased 7% from 2019 to 2020. Same store sales are were up 21% in Q1 of 2021 compared to Q12020 and Q12019. The property benefits from 43 parking spaces and a 109-foot pylon sign, which provides exceptional visibility to the interstate and surrounding market. The property is surrounded by national, regional, and local tenants providing additional traffic including Walmart Supercenter, Menards, Buffalo Wild Wings, Cracker Barrel, McDonald’s, Panda Express, Kohl’s, Taco Bell, and Panera Bread. There are also a number of hotels nearby including the Holiday Inn, La Quinta Inn, Effingham Extended Stay, Country Inn & Suites, Fairfield Inn & Suites, and Quality Inn. Effingham is considered to be the middle point between two major Midwest markets, Indianapolis and St. Louis with a five-mile population exceeding 18,500 people with an average household income of $85,174.
Investment Highlights
- Original 10-Year Modified NNN Lease ¦ 2016 Build-to-Suit ¦ Minimal Landlord Responsibilities (10 Years Remaining on Roof Warranty)
- Corporate Guaranty ¦ 22% Company Revenue Increase from Q3 2020 to Q3 2021 ¦ Same store sales are were up 21% in Q1 of 2021 compared to Q12020 and Q12019
- Busy Interstate Exit Location ¦ 35,700 Vehicles Per Day on I-70 ¦ 24,300 VPD on Keller Drive
- Dense Retail Corridor ¦Nearby Retail Traffic Drivers Include Walmart, Menards, Starbucks, Panda Express, McDonald's, KFC, Holiday Inn, and Kohl's Among Many Others
- Over 18,500 People within 5-miles ¦ Average Household Income of $85,174 in 5-Miles
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
First Vice President / Regional Manager / Designated Managing Broker
Listing Price: $2,400,000
Investment Highlights
- Original 10-Year Modified NNN Lease ¦ 2016 Build-to-Suit ¦ Minimal Landlord Responsibilities (10 Years Remaining on Roof Warranty)
- Corporate Guaranty ¦ 22% Company Revenue Increase from Q3 2020 to Q3 2021 ¦ Same store sales are were up 21% in Q1 of 2021 compared to Q12020 and Q12019
- Busy Interstate Exit Location ¦ 35,700 Vehicles Per Day on I-70 ¦ 24,300 VPD on Keller Drive
- Dense Retail Corridor ¦Nearby Retail Traffic Drivers Include Walmart, Menards, Starbucks, Panda Express, McDonald's, KFC, Holiday Inn, and Kohl's Among Many Others
- Over 18,500 People within 5-miles ¦ Average Household Income of $85,174 in 5-Miles
Investment Overview
Marcus and Millichap is pleased to present for your acquisition review Chipotle in Effingham, IL. Chipotle is perfectly positioned on 0.59 acres in the heart of the retail corridor (25,700+ Vehicles Per Day) and is one of the first restaurants located off the busy interstate exit. Effingham serves as the center of the economic regional trade area for south-central Illinois. The town sits at the crossroads of US Highway 70 (3 Vehicles Per Day) and US Highway 57 which poises it for continued growth and economic expansion. Chipotle signed an original 10-year lease in 2016, leaving over four years of lease term remaining. Each of the five, five-year options features rent increase, an ideal hedge against inflation. The tenant reimburses for all expenses along with a 15% admin fee providing for minimal landlord responsibilities. The roof has 10 years of warranty remaining. Chipotle reports over $7.1 billion in sales across its more than 2,800 restaurants. Company revenues have increased 7% from 2019 to 2020. Same store sales are were up 21% in Q1 of 2021 compared to Q12020 and Q12019. The property benefits from 43 parking spaces and a 109-foot pylon sign, which provides exceptional visibility to the interstate and surrounding market. The property is surrounded by national, regional, and local tenants providing additional traffic including Walmart Supercenter, Menards, Buffalo Wild Wings, Cracker Barrel, McDonald’s, Panda Express, Kohl’s, Taco Bell, and Panera Bread. There are also a number of hotels nearby including the Holiday Inn, La Quinta Inn, Effingham Extended Stay, Country Inn & Suites, Fairfield Inn & Suites, and Quality Inn. Effingham is considered to be the middle point between two major Midwest markets, Indianapolis and St. Louis with a five-mile population exceeding 18,500 people with an average household income of $85,174.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
First Vice President / Regional Manager / Designated Managing Broker

