Chipotle Mexican Grill

7201 West Madison Street, Forest Park, Illinois 60130

$3,662,337

Cap Rate 3.85%

DOM: 833 Updated: 11.22.24 Posted: 01.19.23 Status: Active

Summary

Price $3,662,337	Built/Renov 2022	Tenant Chipotle Mexican Grill
Cap Rate 3.85%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 2,350	Lease Start 06-01-2022	#Units 3,437
Price/SF $1,558.44	Expiration 05-31-2037	Tenant Type Fast Casual/Rest.
NOI $141,000	R. Term 12.1	Ownership Fee Simple
Rent/SF $60.00	Increases 10.0%/5/yrs	Pop 5Mi 781,204
Lot/AC 0.47	Options 4/5yrs/10%	AHHI 5Mi $81,936

Lease Highlights

Chipotle is original tenant: build-to-suit facility (2022)
The tenant has 12+ years remaining in its initial term with 4 (5-year) options to extend
The lease features 10% rent increases every 5 years
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee by Chipotle Mexican Grill, Inc (NYSE: CMG)

Location Description

Chipotle is strategically located at the hard corner, signalized intersection of Harlem Avenue and Madison Street, a primary thoroughfare with over 53,000 vehicles passing by daily. The building is equipped with a drive thru. The property profits from excellent visibility via significant street frontage and a large monument sign. The site is a short walk from Rush Oak Park Hospital (664 beds)...

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Key Features

New construction
Signalized intersection
High traffic 50M+ VPD
Dense retail corridor
Strategically located
Top 100 MSA
Strong demographics
Long 15+ yr lease
Absolute NNN
Publicly traded company

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Links

Chipotle Mexican Grill Wikipedia Chipotle Mexican Grill Wikipedia Forest Park Illinois Zip Code 60130 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Chipotle Mexican Grill
Guarantor:Corp Traded
Company:Chipotle Mexican Grill, Inc.
# Units:3,437
Stock: NYSE: CMG

About Tenant

Chipotle Mexican Grill, Inc., or “Chipotle”, is an American chain of fast-casual restaurants in the U.S., United Kingdom, Canada, Germany, and France. The Fortune 500 company...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	37,363	278,220	753,322
2023 Total Population :	37,498	283,490	770,315
2023 Employed Civilian Pop :	21,761	136,689	361,664
2023 Total Businesses :	1,677	6,574	16,592
2023 Average Household Income :	$ 128,488	$ 102,484	$ 89,477
2023 Total Consumer Spending :	$ 2075 M	$ 9466 M	$ 21108 M
2023 Median Age :	42	37	35
2023 Total Households :	18,985	107,440	273,889
2023 Pop Age 25+: Bachelor's Degree :	9,481	35,699	78,494
2023 Average Home Value :	$ 439,033	$ 360,443	$ 316,627

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Harlem Ave	Alley	2013	37,300	0.06 mi
Madison St	Elgin Ave	2014	11,700	0.07 mi
Madison St	S Maple Ave	2018	19,100	0.08 mi
Wisconsin Ave	Washington Blvd	2014	1,150	0.16 mi
Washington Blvd	Wisconsin Ave	2014	7,050	0.16 mi
IL 43	Randolph St	2021	31,900	0.16 mi
IL 43		2021	32,700	0.17 mi
Randolph St	Belvidere Ave	2014	7,000	0.28 mi
Randolph St		2021	7,600	0.32 mi
Randolph Street	Alley	2018	2,200	0.33 mi

Listing Broker

Adam English

STREAM Capital Partners

Contact

25 Listings
6459 Views
6 Sold

Jordan Shtulman

STREAM Capital Partners

Contact

75 Listings
13088 Views
38 Sold

Adam English

Adam English, Managing Director at Stream Capital Partners, brings over 12 years of investment brokerage and advisory services experience to the Alabama office and leads the STREAM Southeast team. Adam has become a pillar of support to the Company, providing leadership to the offices and brokers he partners within STREAM. Adam focuses on net lease and sale leaseback transactions throughout the country and has developed a strong base of corporate, national, and regional clients providing advisor

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Jordan Shtulman

Jordan Shtulman is Co-Founder and Managing Principal of STREAM Capital Partners. In 2012, Jordan Shtulman and his partner, Jonathan Wolfe, formed STREAM Capital Partners with the intent to advise institutions, real estate developers, REITs, private equity firms, and business owners on all phases of net leased and sale leaseback properties. Since forming the company, Jordan and Jonathan have led a team of trusted advisors across the country completing over $12 Billion in net leased and sale leas

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