Chipotle
5.50% Cap Rate | 2023 Construction | Affluent Area
Marketing description
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Chipotle positioned within the Chicago MSA in Yorkville, Illinois. The property was built for Chipotle in 2023 with a long-term lease running through January 2038. The lease features 10% rental escala-tions every five years throughout the primary term and four 5-year renewal options. The lease also contains a corporate guaranty from Chipotle.
This 2,675 square-foot building is strategically located at a signalized intersection on East Veterans Parkway (14,900 VPD), near North Bridget Street (20,000 VPD). It serves as a shadow anchor to the Yorkville Marketplace, a shopping center occupied by Jewel-Osco, Ace Hardware, Planet Fitness, Chase Bank, O’Reilly Auto Parts, Starbucks, Sherwin-Williams, Panera, and other retailers. Nearby businesses include Menards, ALDI, Walgreens, Belle Tire, Culver’s, and Wendy’s. The property is minutes from Yorkville High School, with over 2,200 students enrolled. Within a five-mile radius, the population exceeds 67,000, and households within a three-mile radius have an average income above $141,000.
Chipotle Mexican Grill, Inc. (NYSE: CMG) is a leading fast-casual restaurant brand known for serving responsibly sourced, high-quality ingredi-ents in customizable burritos, bowls, tacos, and salads. Founded in 1993 in Denver, Colorado, Chipotle revolutionized the restaurant industry by combining quick service with fresh, real food prepared on-site daily. The company emphasizes a “Food with Integrity” mission, sourcing ingre-dients such as antibiotic-free meats, organic beans, and produce from local farms whenever possible. With a unique open-kitchen format and a commitment to transparency, Chipotle has become a favorite for health-conscious and convenience-driven consumers alike.
Investment highlights
Positioned within the Chicago MSA – Ranked #3 in the U.S. for population size Long term lease through 2038
10% rental escalation every 5 years (Next: 2028)
Publicly traded company (NYSE: CMG) $57 billion market capitalization
2023 construction
Located at a signalized intersection along East Veterans Parkway (14,900 VPD) & within proximity to North Bridge Street (20,000 VPD)
Six-figure average household income ($141,000+) within three miles
Over 67,000 people live within a five-mile radius
Yorkville Marketplace shadow anchor – (Jewel-Osco, Ace Hardware, Planet Fitness)
Minutes from Yorkville High School (2,200+ students)
Nearby retailers include Menards, Chase Bank, Walgreens, O’Reilly Auto Parts, ALDI, Culver’s, Starbucks, Panera, and several others
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