Marcus & Millichap Closes Deal for Net-Leased Batavia Chipotle
Marcus & Millichap finalized the sale of a 2,350-square foot net-leased restaurant located in Batavia, Il. The asset sold for $2,050,000.
Austin Weisenbeck, senior managing director investments, and Sean Sharko, senior managing director investments, of Marcus & Millichap’s Chicago Oak Brook office, marketed the property on behalf of the seller, a Chicagoland limited liability company. The buyer, a Wisconsin limited liability company, was secured and represented by Weisenbeck and Sharko.
This property is located at the southeast corner of North Randall Road and McKee Street in Batavia. Constructed in 2022, the building features a modernized “Chipotlane” drive-thru. The team said, “This was a relocation store for Chipotle, which helped in attracting strong buyer interest.”