1681 Galena ave | Dixon, IL 61021
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1681 Galena ave
Dixon, IL 61021
Chipotle (Dixon) · Retail Property For Sale
Investment Highlights
- LONG TERM NNN LEASE - This is a new 15-Year lease, with four 5-year options.
- BRAND NEW CONSTRUCTION Chipotle is a brand-new building, completed in 2023.
- PREMIER ACCESS AND VISIBILITY The subject property is situated on Dixon’s main north/south thoroughfare, South Galena Street (IL Route 26).
- ABSOLUTE NNN The lease is Absolute NNN, with Tenant 100% responsible for paying & maintaining the parking lot, insurance, real estate taxes,etc.
- DIXON GATEWAY DEVELOPMENT LOCATION Chipotle is situated within the new Dixon Gateway Development, a 27-acre commercial development.
Executive Summary
This is a brand-new 2023 construction corporate-guaranteed Chipotle property on a 15-year Absolute NNN lease with zero landlord responsibilities, making this a completely "hands off" investment for the owner. The lease also features attractive 10% increases every 5 years, guaranteeing strong, contractual yield growth. Additionally, this Chipotle is strategically located directly across from Walmart Supercenter and is a part of the new Dixon Gateway Development, featuring national tenancy that includes a new Marriott Hotel, YMCA, Aldi, Starbucks, Arby’s, T-Mobile, Jersey Mike’s, and Casey’s.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,350 SF
Building Class
B
Year Built
2024
Price
£2,038,122
Price Per SF
£867
Net Initial Yield
5.25%
NOI
£106,997
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Lot Size
0.75 AC
Opportunity Zone
Yes
Zoning
B-2 - General Business
Frontage
223 ft on South Galena Avenue
Amenities
- Signage
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 18-08-09-101-015 | Improvements Assessment | £0 |
| Land Assessment | £297 | Total Assessment | £297 |
PROPERTY TAXES
Parcel Number
18-08-09-101-015
Land Assessment
£297
Improvements Assessment
£0
Total Assessment
£297
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
