Chipotle

2935 West Peterson Avenue, Chicago, IL 60659

$2,730,000

Cap Rate 5.49%

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DOM: 21 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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Listing Broker

Jimmy Goodman

The Boulder Group (HQ)

Contact

172 Listings
35684 Views
77 Sold

Randy Blankstein

The Boulder Group (HQ)

Contact

172 Listings
33778 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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