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New 15-Year Chipotle 1971 US-30 2,350 SF 4-Star Retail Building Montgomery, IL 60538 $3,742,000 ($1,592.34/SF) 5.15% Cap Rate
Investment Highlights
- Brand new Chipotle with a 15-year corporate NNN lease
- Premier Walmart outlot location | Nearest Walmart stores are 5 miles southeast, 9 miles northeast, and 13 miles southwest, reinforcing regional draw
- Adjacent to the Montgomery industrial corridor
- New construction | Part of the Chipotle Habanero Concept | All-brick construction supports low long-term maintenance
- Limited competition | Approximately 4.7 miles to the nearest Chipotle | Clear under served trade area to the west with limited existing Chipotle
- $122,229 average household income, projected to reach $139,646 by 2030
Executive Summary
Brand-new Chipotle with 15 years of remaining lease term, corporately guaranteed under a triple-net structure with scheduled 10% rent increases and multiple renewal options. The property design follows the Habanero design concept, featuring modern interior design, updated materials and textures, a reimagined layout designed, optimized kitchens for mobile orders, dedicated pickup areas (both inside and out), and the signature “Chipotlane” drive-thru. Scheduled to open June 2026, the property is positioned as an outlot to a Walmart Supercenter along high-traffic Route 30, near a signalized intersection with nearly 55,000 combined vehicles per day. The location benefits from limited nearby Chipotle competition, proximity to a major industrial employment base, low Kendall County taxes, and strong, growing demographics supported by rising household incomes.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,350 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Price
$3,742,000
Price Per SF
$1,592.34
Cap Rate
5.15%
NOI
$192,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.70 AC
Zoning
F1 - Commercial
Parking
20 Spaces (8.51 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-01-200-029 | Improvements Assessment | $0 |
| Land Assessment | $68,494 | Total Assessment | $68,494 |
Property Taxes
Parcel Number
02-01-200-029
Land Assessment
$68,494
Improvements Assessment
$0
Total Assessment
$68,494
Contacts
-
Sean Sharko -
Austin Weisenbeck -
Benjamin Shapiro -
Sharko | Weisenbeck | Mendoza Group
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