Chipotle 442 S Rand Rd

The Boulder Group is pleased to exclusively market for sale a single-tenant net-leased Chipotle property positioned within the Chicago MSA in Lake Zurich, Illinois. This property, constructed in 2024 speci?cally for Chipotle, features a new 15-year lease commencing in January 2025 (estimated). The lease includes 10% scheduled rental escalations every ?ve years throughout the primary term, with four additional 5-year renewal options. The property incorporates the new “Chipotlane” drive-thru concept, which has been shown to signi?cantly boost sales. Additionally, there is a roof warranty in place through 2044.
The 2,350 square-foot building bene?ts from hard corner location along Rand Road and State Route 22, experiencing over 64,000 vehicles per day. Rand Road is a dense retail thoroughfare that links multiple shopping centers. Notable national tenants occupying the corridor include Jewel-Osco, Trader Joe’s, Target, The Home Depot, Costco, Lifetime Fitness, Walmart, and many others. The subject property also bene?ts from its proximity to Lake Zurich High School, located less than two miles northeast and home to approximately 1,800 students, adding a robust source to the customer base. This is an affluent area where the average household income is $197,768 within three miles. Additionally, there are over 86,000 people living within a ?ve-mile radius of the property.
Chipotle Mexican Grill, Inc., often referred to simply as Chipotle, is a prominent American chain of fast-casual restaurants specializing in tacos and Mission-style burritos. Founded in 1993 by Steve Ells in Denver, Colorado, the company has grown significantly, operating more than 3,375 locations worldwide as of 2024. Chipotle is renowned for its commitment to using high-quality ingredients and promoting food sustainability, evidenced by its “Food with Integrity” philosophy, which emphasizes the use of organic produce, naturally raised meat, and dairy from pasture-raised cows. Headquartered in Newport Beach, California, Chipotle has become a leader in the fast-casual dining sector, distinguished by its customizable menu and efficient service model.