1681 S Galena Ave | Dixon, IL 61021
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1681 S Galena Ave
Dixon, IL 61021
CHIPOTLE · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- LONG TERM 15-YEAR LEASE – This is a new 15-Year lease, with four 5-year options. The rent increases 10% increases every five years.
- BRAND NEW CONSTRUCTION | “CHIPOTLANE” DRIVE-THRU – Chipotle is a brand-new building, completed in 2023.
- DIXON GATEWAY DEVELOPMENT LOCATION – Chipotle is situated within the new Dixon Gateway Development.
- ABSOLUTE NNN – The lease is Absolute NNN, with Tenant 100% responsible for directly paying and maintaining the parking lot, insurance.
- 10% RENT INCREASES EVERY 5 YEARS – The lease features attractive 10% rental increases every 5 years in base term and in each option period.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,350 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.76 AC
Zoning
Commercial
Frontage
223’ on South Galena Avenue
AMENITIES
- Signage
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 18-08-09-101-015 | Improvements Assessment | $160,543 |
| Land Assessment | $53,688 | Total Assessment | $214,231 |
PROPERTY TAXES
Parcel Number
18-08-09-101-015
Land Assessment
$53,688
Improvements Assessment
$160,543
Total Assessment
$214,231
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