Retail

Chipotle - Yorkville, IL

444 E Veterans Pkwy, Yorkville, IL, 60560-1904, US

Chipotle - Yorkville, IL_Property for Sale

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Chipotle - Yorkville, IL 2_Property for Sale

Asset Description

JLL is pleased to offer for sale a freestanding, single-tenant Chipotle (the “Property” or “Asset”) located at 444 E Veterans Pkwy in Yorkville, IL. The newly-constructed Property was delivered in December of 2022 and features a 15-year net lease with 10% rental increases every five-years as well as four, five-year renewal options.


Attributes

Asking Price
MYR 12,612,000
Building area Net
249 m²
Occupancy
100.00%
Year built
2022

Investment Highlights

High Growth Market

  • Yorkville is an affluent suburb of Chicago within Kendall County, the fastest growing county in the state of Illinois. The city’s 23,000 residents earn average household incomes of $105,000.
  • Yorkville’s population has experienced a 27% growth since 2010, making it one of the fastest growing cities in the state of Illinois.

Dense Surrounding Corridor

  • Located on an outparcel of Yorkville Marketplace (1.8M annual visits). The surrounding corridor features a unique, synergistic mix of national credit retailers, apartment complexes, industrial facilities, education systems, and single-family homes.

Favorable Lease Economics

  • 15-year net lease with rent escalations and multiple option periods
Chipotle - Yorkville, IL 4_Property for Sale
Chipotle - Yorkville, IL 4_Property for Sale

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Last updated
27 Feb 2023