Northpark Village
US - Lubbock, TX
NZ$16,225,000 | 6,548 m²
Retail
Chipotle - Yorkville, IL
444 E Veterans Pkwy, Yorkville, IL, 60560-1904, US
Gallery
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
NZ$4,563,000
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
Contact brokers
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Last updated
27 Feb 2023