Chipotle 2302 Thornton Lansing Rd 2,465 SF 4-Star Retail Building Lansing, IL 60438 $3,460,200 CAD ($1,403.73 CAD/SF) 5.25% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant NNN leased Chipotle property located within the Chicago MSA in Lansing, Illinois. The property was built specifically for Chipotle in 2024 with a long-term 15-year lease through May 2039. The lease is absolute triple net and presents zero landlord responsibilities. Additionally, there are 10% rental escalations every five years throughout the primary term and four 5-year renewal options.
The 2,465 square-foot building sits on a hard corner at a signalized intersection along IL-83 (30,000 VPD), with convenient access to Interstate 94 (193,000 VPD) and SR-394 (86,000 VPD) just minutes away. The surrounding trade area boasts a population of over 220,000 residents within five miles and an average household income exceeding $94,000 within three miles. The site is flanked by a strong lineup of national retailers including Walmart Supercenter, Chick-fil-A, Walgreens, McDonald’s, Starbucks, AutoZone, and Dollar Tree, among others. Additional traffic is drawn to the area by the nearby Thornton Fractional South High School, serving approximately 1,800 students.
Chipotle Mexican Grill, Inc. is an American multinational fast-casual restaurant chain founded by Steve Ells on July 13, 1993. Specializing in customizable Mexican-inspired using fresh ingredients, the company pioneered the fast-casual dining model by emphasizing “Food with Integrity”—responsibly sourced meats, wholesome ingredients without artificial colors, flavors, or preservatives, and a commitment to sustainable practices. Headquartered in Newport Beach, California, Chipotle operates over 4,000 restaurants, with a publicly traded status on the NYSE under ticker CMG and a workforce exceeding 130,000 employees, continuing to lead in digital innovation, including its app and loyalty program.