The Boulder Group is pleased to exclusively market for sale a single tenant net leased Chipotle property positioned within the Chicago MSA in Chicago Heights, Illinois. The new 15-year lease will commence in December 2024 and will feature 10% rental escalations every five years. The lease also contains four 5-year renewal options and is absolute triple net which presents no landlord responsibilities. The property will be the new “Chipotlane” drive-thru concept. The 2,350 square-foot building benefits from its position at the signalized intersection of Lincoln Highway and Western Avenue which experienced a combined traffic count of 49,500 vehicles per day. The subject asset was constructed on a Food4Less (Kroger) outparcel in a dense retail corridor with a wide variety of retailers. Neighboring tenants include Walmart Supercenter, ALDI, O’Reilly Auto Parts, Oak Street Health, Wendy’s, Fifth Third Bank, McDonald’s, Smoothie King, and several others. Additionally, there are nearly 170,000 people living within a five-mile radius earning an average household income of approximately $90,000. 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.