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Chipotle & Mattress Firm 1601-1605 N State Route 50 7,300 SF 100% Leased Retail Building Bourbonnais, IL 60914 $4,817,000 ($659.86/SF) 6% Cap Rate
Investment Highlights
- 100% leased to Chipotle and Mattress Firm, two nationally recognized tenants with established customer bases.
- Excellent visibility with approximately 215 feet of frontage along N State Route 50.
- Ample surface parking with 52 spaces and pylon signage enhancing tenant exposure.
- Built in 2016, offering modern construction and quality finishes for long-term operational stability.
- Positioned on a 0.81-acre parcel within Bourbonnais’ growing retail corridor, near major shopping and dining destinations.
- High accessibility in a densely developed retail node with strong vehicular traffic patterns.
Executive Summary
This fully leased, two-tenant retail property offers a strong investment opportunity in Bourbonnais, Illinois, featuring nationally recognized tenants Chipotle and Mattress Firm. Built in 2016 and maintained to contemporary standards, the 7,300-square-foot building is situated on a 0.81-acre lot with excellent visibility and frontage along N State Route 50, one of the area’s main commercial corridors. With a 100% leased occupancy and a reported 6% cap rate, the asset provides investors with reliable cash flow supported by stable lease agreements from established, creditworthy brands.
The property benefits from a strategic location near other major retailers, ensuring steady consumer traffic and strong market fundamentals. Positioned within the B-2 General Business District, the site enjoys convenient access from major thoroughfares and offers generous on-site parking with 52 spaces. The combination of durable construction, strong franchise tenancy, and exposure along a corridor with high traffic counts makes this an attractive, low-maintenance investment for both regional and institutional buyers seeking long-term income security and minimal management responsibility.
The property benefits from a strategic location near other major retailers, ensuring steady consumer traffic and strong market fundamentals. Positioned within the B-2 General Business District, the site enjoys convenient access from major thoroughfares and offers generous on-site parking with 52 spaces. The combination of durable construction, strong franchise tenancy, and exposure along a corridor with high traffic counts makes this an attractive, low-maintenance investment for both regional and institutional buyers seeking long-term income security and minimal management responsibility.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,300 SF
Building Class
C
Year Built
2016
Price
$4,817,000
Price Per SF
$659.86
Cap Rate
6%
NOI
$288,995
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.81 AC
Zoning
B-2 - General Business District
Parking
52 Spaces (7.12 Spaces per 1,000 SF Leased)
Frontage
215’ on N State Route 50
Amenities
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 17-09-16-102-004 | Improvements Assessment | $431,040 |
| Land Assessment | $143,404 | Total Assessment | $574,444 |
Property Taxes
Parcel Number
17-09-16-102-004
Land Assessment
$143,404
Improvements Assessment
$431,040
Total Assessment
$574,444
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