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Chipotle

2804 Joseph Cannon Way, Marion, IL, 62959
For Sale

Property Details

  • Price: $3,536,000
  • Property Type: Retail
  • Availability: Available
  • Transaction Type: For Sale
  • Cap Rate: 4.65%
  • Lot Size: 0.76 AC
  • Lease Type: Absolute NNN
  • Lease Term: 20 years
  • Year Built: 2023
  • Available SF: 2,366 SF

Property Description

SECURE INCOME STREAM

  • Rare 20-Year Absolute NNN Lease Zero Landlord Responsibilities with 10% Increases Every 5 Years and in Renewal Options
  • Brand New 2023 Construction Latest Prototype Design with Drive-Thru
  • Corporate Guaranty from Chipotle (NYSE: CMG) – $66.4 Billion Market Cap, $9.54 Billion Total Revenue for 12 Months Ending September 30, 2023
  • Chipotle Ranked on Fortune 500 – Recognized on the 2023 List for Fortune’s Most Admired Companies

PROXIMITY

  • Hard Corner Location at Signalized Intersection – Excellent Access and Visibility to 30,159 VPD
  • Adjacent to Walmart Supercenter – Over 3M Annual Visitors, Ranks in Top 7% in the United States Based on Consumer Traffic (Placer.ai)
  • Minutes to Oasis Sports Complex – A 240-Acre Facility Expected to Host 64 Youth Sports Tournaments a Year, Attracting Over 450k Annual Visitors and Resulting in Over 62k Additional Overnight Hotel Stays, Generating $25.2M in Direct Spending
  • Surrounded by 12 Hotels in 1.5 Mile Radius – Just off I-57 with 40,515 VPD
  • Positioned within Dense Regional Trade Area – Largest Retail Trade Area in Southern Illinois, Referred to as ‘Hub of the Universe.’
  • Nearby National Tenants – Including Target, Home Depot, Sam’s Club McDonald’s, Starbucks, Taco Bell, Pilot Travel Center and
    Dozens More
  • Part of Carbondale-Marion-Herrin MSA – 123,272 Residents, Sixth Most Populated MSA in Illinois
  • In Front of Oasis South Shopping Center – A Planned Power Center Development with Junior Box Tenant Anchors

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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