Chipotle

2935 West Peterson Avenue, Chicago, IL 60659

$2,730,000

Cap Rate 5.49%

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DOM: 71 Updated: 08.06.25 Posted: 08.06.25 Status: Active 08.06.25

Summary

Price $2,730,000		Tenant Chipotle
Cap Rate 5.49%	Lease Type Double NN	Guarantor Corp Traded
Size/SF 2,160	Lease Start 11-15-2024	#Units 3,636
Price/SF $1,263.89	Expiration 11-30-2044	Tenant Type Fast Casual/Rest.
NOI $150,000	R. Term 19.30	Ownership Fee Simple
Rent/SF $69.44	Increases 10.0%/6/yrs	Pop 5Mi 916,500
Lot/AC 0.00	Options 4/5yrs/10%	AHHI 5Mi $131,544

Highlights

Brand New 20-Year Corporate Lease
10% Rent Increases Every 5 Years
Corporate Guarantee | Favorable NN Lease with 20-Year Roof Warranty
The lease featured four 5-Year renewal options each with 10% rent bumps

Location Description

Chipotle is strategically located at the signalized, hard-corner intersection of West Peterson Avenue and North Lincoln Avenue, with combined traffic counts of approximately 41,000 vehicles per day. The property sits in the densely populated West Ridge neighborhood of Chicago and benefits from strong surrounding demographics and daily commuter traffic. It is shadow-anchored by Ross Dress for...

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Key Features

Recent renovation
Roof guarantee
Near major nationals
Central metro location
Dense 200M+ pop 5 mi
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Long 20+ yr lease
Traded and rated company

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Links

Chipotle Wikipedia Chipotle Chicago, Illinois Zip Code 60659 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:3,636
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
2030 Total Population :	54,233	421,360	903,782
2025 Total Population :	55,545	427,837	917,489
2025 Employed Civilian Pop :	29,152	257,607	565,892
2025 Total Businesses :	1,505	12,554	28,406
2025 Average Household Income :	$ 107,168	$ 117,177	$ 131,533
2025 Total Consumer Spending :	$ 1827 M	$ 19231 M	$ 46376 M
2025 Median Age :	37	38	37
2025 Total Households :	19,885	191,390	412,410
2025 Pop Age 25+: Bachelor's Degree :	10,938	104,330	232,714
2025 Average Home Value :	$ 440,852	$ 490,660	$ 518,262

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W Peterson Ave	N Sacramento Ave	2014	32,100	0.05 mi
N Lincoln Ave	N Whipple St	2014	21,300	0.15 mi
W Peterson Ave	N Albany Ave	2013	17,832	0.19 mi
West Peterson Avenue	N California Ave	2018	10,300	0.20 mi
North California Avenue	W Gunnison St	2022	6,000	0.20 mi
N Lincoln Ave	N Richmond St	2001	26,000	0.21 mi
N California Ave	W Thorndale Ave	2010	8,800	0.23 mi
N Lincoln Ave	N Troy St	2013	22,101	0.24 mi
	W Ardmore Ave	2022	6,000	0.31 mi
West Peterson Avenue	N Jersey Ave	2019	30,000	0.32 mi

Listing Broker

Jimmy Goodman

The Boulder Group (HQ)

Contact

172 Listings
42771 Views
78 Sold

Randy Blankstein

The Boulder Group (HQ)

Contact

172 Listings
41348 Views
70 Sold

Jimmy Goodman

Goodman is a partner at The Boulder Group, with over 15 years of experience in the investment real estate sector. His career began at PricewaterhouseCoopers in 2001 and afterward, he has been solely focused on investment real estate. He has been featured in multiple publications including Globe Street, Commercial Property Executive, Real Estate Forum and was a featured speaker at Real Share’s Net Lease Conference. He is a member of the International Council of Shopping Centers and received a Ba

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Randy Blankstein

President of The Boulder Group, Blankstein is a senior commercial real estate executive with over 30 years of experience focused on advisory services in the single tenant net lease sector. Led The Boulder Group to a top 10 company national ranking for single tenant retail transactions by both CoStar and Real Capital Analytics from 2010-2021. Founded and managed net leased companies on both the advisory and principal sides that have been involved in over $7 billion in single tenant transaction

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