Chipotle Mexican Grill

3259 West 95th Street, Evergreen Park, IL 60805

$2,881,356

Cap Rate 5.90%

Views: 118 DOM: 332 Updated: 11.08.24 Posted: 01.24.24 Status: Contract 11.08.24

Summary

Price $2,881,356	Built/Renov 2000/2023	Tenant Chipotle Mexican Grill
Cap Rate 5.90%	Lease Type NN+	Guarantor Corp Traded
Size/SF 2,400	Lease Start 12-15-2023	#Units 3,437
Price/SF $1,200.57	Expiration 12-31-2038	Tenant Type Fast Casual/Rest.
NOI $169,992	R. Term 14.0	Ownership Fee Simple
Rent/SF $70.83	Increases 10.0%/4/yrs	Pop 5Mi 565,805
Lot/AC 0.27	Options 4/5yrs/10%	AHHI 5Mi $81,156

George Ghattas

Mid-America Real Estate

Contact

Lease Highlights

Chipotle recently executed a brand new 15-year lease with 4 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and each option period
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guaranteed lease (NYSE: CMG)

Location Description

This newly renovated Chipotle, equipped with a drive-thru is located on West 95th Street, Evergreen Park’s main east/west thoroughfare, near the intersection at South Spaulding Ave. which see a combined 56,000+ vehicles per day. It is one mile west of the Western Avenue retail corridor encompassing approximately 2 million square feet of retail space. The corridor features national tenants...

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Key Features

Recent renovation
Hard corner intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Brand new lease
Long 10+ yr lease
Corporate Guarantee
Publicly traded company

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Links

Chipotle Mexican Grill Wikipedia Chipotle Mexican Grill Wikipedia Evergreen Park, Illinois Zip Code 60805 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Chipotle Mexican Grill
Guarantor:Corp Traded
Company:Chipotle Mexican Grill, Inc.
# Units:3,437
Stock: NYSE: CMG

About Tenant

Chipotle Mexican Grill, Inc., or “Chipotle”, is an American chain of fast-casual restaurants in the U.S., United Kingdom, Canada, Germany, and France. The Fortune 500 company...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	18,162	199,551	552,092
2023 Total Population :	18,703	205,009	565,805
2023 Employed Civilian Pop :	9,908	97,458	241,287
2023 Total Businesses :	537	4,350	11,493
2023 Average Household Income :	$ 106,160	$ 100,824	$ 81,156
2023 Total Consumer Spending :	$ 618 M	$ 6579 M	$ 14328 M
2023 Median Age :	41	40	38
2023 Total Households :	6,897	76,367	204,462
2023 Pop Age 25+: Bachelor's Degree :	3,494	28,306	57,442
2023 Average Home Value :	$ 272,180	$ 270,104	$ 246,763

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W 95th St	Sawyer Ave	2013	40,800	0.03 mi
95th St		2021	36,400	0.11 mi
South Kedzie Avenue	W 96th St	2018	20,700	0.13 mi
South Kedzie Avenue	W 94th St	2022	19,600	0.19 mi
Kedzie Ave		2021	20,700	0.26 mi
W 95th St	Utica Ave	2013	29,800	0.27 mi
South Kedzie Avenue	W 101st St	2022	19,600	0.28 mi
South Kedzie Avenue	94th St	2022	19,600	0.29 mi
94th Street	S Homan Ave	2022	1,100	0.33 mi
S Kedzie Ave	97th Pl	2014	20,600	0.34 mi

Listing Broker

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