2302 Thornton Lansing Rd - Retail FOR SALE


Lansing, IL 60438
$2,511,942 USD
847-562-8500
2302 Thornton Lansing Rd, Lansing, IL for Sale
$2,511,942 USD
Retail - FOR SALE
1/5
null | 5.25% Cap Rate

2302 Thornton Lansing Rd
Lansing, IL 60438


HIGHLIGHTS

  • Recent construction completed in 2024
  • Absolute NNN – Zero landlord responsibilities
  • Long-term lease through May 2039
  • 10% rental escalations every five years
  • Hard corner location at a signalized intersection along IL-83 (±30,000 VPD)
  • Minutes from Interstate 94 (193,000 VPD) & SR-394 (86,000 VPD)

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,511,942 USD

PRICE/SF

$979 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

C

APN/PARCEL ID

29-36-201-143-0000

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.