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1940 N State St
Belvidere, IL 61008

$3,302,000 USD

Fast Food For Sale  •  2,350 SF

Property Details

• Property Type Fast Food
• Total Building Size 2,350 SF
• Lot Size 2.84 AC
• Building Class B
• Year Built 2026
• Cap Rate 5.30 %
• Tenancy Single

30 Transit Score

40 Walk Score

Highlights

Brand New 2026 Construction

Fresh 15-Year Lease with NO early termination rights

Absolute NNN Corporate Lease

10% Increases Every 5 Years

Cap Rate:

5.30 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Chipotle	2,350 SF	4/30/2041

Amenities

• Pylon Sign
• Drive Thru

Public Transportation

Airport	Drive	Walk	Distance
Chicago/Rockford International	32 min	-	19.6 mi