Chipotle Mexican Grill

1681 South Galena Avenue, Dixon, IL 61021

$2,490,000

Cap Rate 5.70%

Views: 190 DOM: 267 Updated: 10.21.24 Posted: 02.28.24 Status: Active

Summary

Price $2,490,000	Built/Renov 2023	Tenant Chipotle Mexican Grill
Cap Rate 5.70%	Lease Type NN+	Guarantor Corp Traded
Size/SF 2,350	Lease Start 04-13-2023	#Units 3,437
Price/SF $1,059.57	Expiration 04-12-2038	Tenant Type Fast Casual/Rest.
NOI $142,000	R. Term 13.4	Ownership Fee Simple
Rent/SF $60.43	Increases 10.0%/4/yrs	Pop 5Mi 19,559
Lot/AC 0.75	Options 4/5yrs/10%	AHHI 5Mi $84,508

Matt McParland

Mid-America Real Estate

Contact

Lease Highlights

Brand new 2023 construction
Chipotle has 14+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 10% rental escalations every 5 years throughout the initial term and option periods
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guaranteed lease (NYSE: CMG)

Location Description

Chipotle is ideally situated within the Dixon Gateway Development, at the signalized, hard corner intersection of South Galena Street (IL Route 26) and Walton Drive, with access to 9,550 vehicles passing by daily. The property benefits from its proximity across from Rose Plaza, a neighborhood center anchored by Walmart Supercenter, which experiences over 2 million visits per year according to...

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Key Features

New construction
Signalized intersection
Near major nationals
Freeway close
Affluent suburb location
New development zone
Long 10+ yr lease
Favorable NN+ lease
Corporate Guarantee
Publicly traded company

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Links

Chipotle Mexican Grill Wikipedia Chipotle Mexican Grill Wikipedia Dixon, Illinois Zip Code 61021 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Chipotle Mexican Grill
Guarantor:Corp Traded
Company:Chipotle Mexican Grill, Inc.
# Units:3,437
Stock: NYSE: CMG

About Tenant

Chipotle Mexican Grill, Inc., or “Chipotle”, is an American chain of fast-casual restaurants in the U.S., United Kingdom, Canada, Germany, and France. The Fortune 500 company...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	2,731	14,295	19,428
2023 Total Population :	2,808	14,361	19,559
2023 Employed Civilian Pop :	1,355	6,321	7,858
2023 Total Businesses :	127	700	763
2023 Average Household Income :	$ 74,386	$ 80,201	$ 84,508
2023 Total Consumer Spending :	$ 79 M	$ 451 M	$ 566 M
2023 Median Age :	42	42	41
2023 Total Households :	1,217	6,400	7,638
2023 Pop Age 25+: Bachelor's Degree :	243	1,433	1,877
2023 Average Home Value :	$ 138,180	$ 150,205	$ 161,194

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
S Galena Ave	Walton Dr	2005	12,600	0.03 mi
	S Galena Ave	2022	2,800	0.04 mi
	S Galena Ave	2022	2,800	0.06 mi
	S Galena Ave	2022	2,800	0.08 mi
IL 26		2021	9,350	0.08 mi
S Galena Ave	Plz Dr	2005	9,600	0.11 mi
IL 26		2021	9,900	0.12 mi
	S Galena Ave	2022	125	0.15 mi
	Toll Way Dr	2022	1,550	0.16 mi
	S Galena Ave	2022	4,850	0.19 mi

Listing Broker

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