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Chipotle 1940 N State St 2,350 SF Retail Building Belvidere, IL 61008 $3,500,000 ($1,489.36/SF) 5% Cap Rate
Investment Highlights
- Excellent Visibility And Accessibility
- Strong Market Demographics
- 10% Rent Increases Every 5 Years
- New 15-Year, Absolute NNN Lease
Executive Summary
Broker of Record
Matthew M. Fitzgerald
License # 478027547, 471021676 (IL)
Matthews Real Estate Investment Services, LLC
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Matthew M. Fitzgerald
License # 478027547, 471021676 (IL)
Matthews Real Estate Investment Services, LLC
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,350 SF
Building Class
B
Year Built
2026
Price
$3,500,000
Price Per SF
$1,489.36
Cap Rate
5%
NOI
$175,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
2.84 AC
Opportunity Zone
Yes
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Chipotle | 1940 N State St
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