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3440 Court St
Pekin, IL 61554
Chipotle · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 2025 Redevelopment with Chipotlane & Patio – 15-Year Net Lease with Roof Warranty
- First Chipotle to Open in Pekin, IL
- Proximity to Major Regional Employers including Caterpillar, Inc and OSF Healthcare
- Rental Escalations Every Five Years in the Primary Term and Option Periods of the Lease
- Fee-Simple Ownership – Not a Ground Lease – You Can Bonus Depreciate 100% Year One
- Excellent Access & Visibility in Growing Retail Corridor – Ross/Marshalls and Five Below Just Opened
EXECUTIVE SUMMARY
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire a fee-simple interest in the Chipotle Mexican Grill located in Pekin, IL (“The Property”). The Property consists of a 3,500-square-foot freestanding retail building situated on a 0.99-acre parcel. This is a brand-new 2025 construction featuring Chipotle’s latest “Chipotlane” prototype, which integrates a high-efficiency digital drive-thru designed to serve online and mobile app orders. Chipotle is operating under a brand-new fifteen (15) year Net Lease with limited landlord responsibilities (roof and structure only). The lease includes 10% rental increases every five years, providing a strong hedge against inflation. (See Lease Abstract for full details.)
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,500 SF
Building Class
C
Year Built/Renovated
1997/2025
Price
$2,736,360
Price Per SF
$781.82
Cap Rate
5.50%
NOI
$150,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.99 AC
Frontage
183’ on Court St
AMENITIES
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 11-11-07-307-011 | Improvements Assessment | $205,340 |
| Land Assessment | $103,420 | Total Assessment | $308,760 |
PROPERTY TAXES
Parcel Number
11-11-07-307-011
Land Assessment
$103,420
Improvements Assessment
$205,340
Total Assessment
$308,760
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