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Chipotle 1940 N State St 2,350 SF Retail Building Belvidere, IL 61008 $4,838,225 CAD ($2,058.82 CAD/SF) 5% Cap Rate

Retail Spaces Illinois Belvidere 1940 N State St, Belvidere, IL 61008

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Investment Highlights

  • Excellent Visibility And Accessibility
  • Strong Market Demographics
  • 10% Rent Increases Every 5 Years
  • New 15-Year, Absolute NNN Lease

Executive Summary

Broker of Record
Matthew M. Fitzgerald
License # 478027547, 471021676 (IL)
Matthews Real Estate Investment Services, LLC
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,350 SF
Building Class
B
Year Built
2026
Price
$4,838,225 CAD
Price Per SF
$2,058.82 CAD
Cap Rate
5%
NOI
$241,911 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
2.84 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Links

1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Source: Local Logic®
(773) 289-0965

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 40104089

  • Date on Market: 2026-04-10

  • Last Updated:

  • Address: 1940 N State St, Belvidere, IL 61008

The Retail Property at 1940 N State St, Belvidere, IL 61008 is currently available for Sale. Contact Matthews Real Estate Investment Services for more information.

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1940 N State St, Belvidere, IL for sale Primary Photo- Image 1 of 4
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1940 N State St, Belvidere, IL for sale Building Photo- Image 2 of 4
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1940 N State St, Belvidere, IL for sale Building Photo- Image 3 of 4
LoopNet-003 - tenant map - Chipotle, Belvidere, IL- OM (1)_loopnet(with logo)
1 of 1
Chipotle | 1940 N State St
(773) 289-0965 x

Chipotle | 1940 N State St

Lee Chandler
(773) 289-0965

Patrick Forkin
(872) 256-1031

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