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Chipotle 444 E Veterans Pky 2,675 SF Retail Building Yorkville, IL 60560 $2,723,636 ($1,018.18/SF) 5.50% Cap Rate



Investment Highlights
- Positioned within the Chicago MSA
- 10% rental escalation every 5 years (Next: 2028)
- Six-figure average household income ($141,000+) within three miles
- Long term lease through 2038
- Located at a signalized intersection along East Veterans Parkway (14,900 VPD) & within proximity to North Bridge Street (20,000 VPD)
- Over 67,000 people live within a five-mile radius
Executive Summary
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 ingredients 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.
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 ingredients 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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
2,675 SF
Building Class
B
Year Built
2023
Price
$2,723,636
Price Per SF
$1,018.18
Cap Rate
5.50%
NOI
$149,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.17 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Chipotle
- -
- -
- -
- Jan 2038
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Chipotle | - | - | - | Jan 2038 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-28-252-021 | Improvements Assessment | $173,775 |
| Land Assessment | $113,064 | Total Assessment | $286,839 |
Property Taxes
Parcel Number
02-28-252-021
Land Assessment
$113,064
Improvements Assessment
$173,775
Total Assessment
$286,839
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Chipotle | 444 E Veterans Pky
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