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Chipotle 1351 Shale Rd 2,350 SF Retail Building Joliet, IL 60431 $2,820,000 ($1,200/SF) 5.25% Cap Rate



INVESTMENT HIGHLIGHTS
- Newly constructed building featuring a “Chipotlane” drive-thru and a 15 year lease term
- Situated at the intersection of I-80 & I-55 -- more than 230,000 vehicles passing daily
- Part of Rock Run Collection, a new 1mm SF mixed use destination featuring a casino, retail, multi-family, hospitality, office, and healthcare
- Suburban Chicago MSA location with avg. household incomes of $109,000
EXECUTIVE SUMMARY
Stream Capital Partners, as exclusive advisor to the seller, is pleased to present for sale a newly constructed Chipotle asset in Joliet, IL, an affluent community located in Chicago’s southwest suburbs.
Chipotle is positioned at the entrance of the Rock Run Collection, a super regional mixed use development with over 1 million square feet of retail, hospitality, entertainment, and multi-family combined. Hollywood Casino relocated their existing Joliet location to Rock Run and features 7 restaurants, 6 bars, ESPN Sportsbook, and a 10,000 SF convention center. The casino, which opened in August 2025, is projected to attract 1 million visitors annually to Rock Run. In addition, a 264-unit multifamily development within Rock Run will welcome residents starting in February 2026.
Rock Run is strategically situated at the confluence of I-55 & I-80 (230,000 VPD) with direct access from the Gateway Blvd. Interchange (Exit 251), providing convenient access for local and regional consumers, whether they are traveling from downtown Chicago, downstate IL, Northwest IN, or Iowa. Additionally, the development benefits from a recently opened interchange providing access from I-55 directly into Rock Run.
Chipotle is positioned at the entrance of the Rock Run Collection, a super regional mixed use development with over 1 million square feet of retail, hospitality, entertainment, and multi-family combined. Hollywood Casino relocated their existing Joliet location to Rock Run and features 7 restaurants, 6 bars, ESPN Sportsbook, and a 10,000 SF convention center. The casino, which opened in August 2025, is projected to attract 1 million visitors annually to Rock Run. In addition, a 264-unit multifamily development within Rock Run will welcome residents starting in February 2026.
Rock Run is strategically situated at the confluence of I-55 & I-80 (230,000 VPD) with direct access from the Gateway Blvd. Interchange (Exit 251), providing convenient access for local and regional consumers, whether they are traveling from downtown Chicago, downstate IL, Northwest IN, or Iowa. Additionally, the development benefits from a recently opened interchange providing access from I-55 directly into Rock Run.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,350 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$2,820,000
Price Per SF
$1,200
Cap Rate
5.25%
NOI
$148,050
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.10 AC
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 05-06-22-302-001-0020 | Improvements Assessment | $0 |
| Land Assessment | $756,614 | Total Assessment | $756,614 |
PROPERTY TAXES
Parcel Number
05-06-22-302-001-0020
Land Assessment
$756,614
Improvements Assessment
$0
Total Assessment
$756,614
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Chipotle | 1351 Shale Rd
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