Chipotle NNN Restaurant
For Sale
Contact for pricing
2302 Thornton Lansing Rd, Lansing, IL 60438
A 2024-built, single-tenant restaurant with an absolute NNN lease and scheduled rent growth.
Property Size2,465 SF
Price / SF$1,019
Days on Market139
Property Features for 2302 Thornton Lansing Rd
General Information
Standard status
Active
Size
2,465 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$131,877
Site & Location
Corner Location
Yes
Traffic Count
30,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2024
Buildings
1
Tenancy
Single
Listing Agency:
The Boulder Group
(847) 562-0003
Listed By:
Randy Blankstein · License #IL 471005983
Source:
Crexi
Added: Apr 14
Changed: Aug 29
Last Checked: Aug 29 at 11:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Boulder Group
Investment Insights
Based on property information with market context.
Constructed in 2024 for Chipotle, this 2,465-square-foot restaurant is occupied under a 15-year lease extending through May 2039. The absolute NNN structure places no landlord responsibilities on ownership, while the primary term includes 10% rent increases at five-year intervals and four additional five-year renewal options.
The property occupies the hard corner of a signalized intersection at 2302 Thornton Lansing Rd in Lansing, Illinois, along IL-83, which records 30,000 VPD. Interstate 94 and SR-394 are accessible within minutes, with reported traffic counts of 193,000 VPD and 86,000 VPD, respectively. The trade area includes Walmart Supercenter, Chick-fil-A, Walgreens, McDonald's, Starbucks, AutoZone, and Dollar Tree, with additional demand associated with Thornton Fractional South High School and its approximately 1,800 students.
The property occupies the hard corner of a signalized intersection at 2302 Thornton Lansing Rd in Lansing, Illinois, along IL-83, which records 30,000 VPD. Interstate 94 and SR-394 are accessible within minutes, with reported traffic counts of 193,000 VPD and 86,000 VPD, respectively. The trade area includes Walmart Supercenter, Chick-fil-A, Walgreens, McDonald's, Starbucks, AutoZone, and Dollar Tree, with additional demand associated with Thornton Fractional South High School and its approximately 1,800 students.
Key Highlights
- 2,465‑square‑foot Chipotle restaurant built in 2024
- Absolute NNN lease with zero landlord responsibilities
- 15‑year lease runs through May 2039
Property Analytics
Property Profile
Current Use
Lease Details
30,000 VPD
Traffic count
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
180k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 27%
Electronics 3%
McDonald's
Dining
34,668 visits/mo
0.3 miles
Dollar Tree
Shops & Services
20,926 visits/mo
0.3 miles
Starbucks
Dining
16,328 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
15,371 visits/mo
0.2 miles
Dunkin' Donuts
Dining
14,787 visits/mo
0.4 miles
Demographics for 60438, IL
29,661
Population
12,230
Households
2.4
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
8.1 sq mi
ZIP Area
3,662
Density / Sq Mi
$72,043
Median Household Income
$44,632
Median Earnings
$1,271
Median Rent
$168,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - A 2024-built, single-tenant restaurant with an absolute NNN lease and scheduled rent growth.
Where is this nnn property located?
The property is located at 2302 Thornton Lansing Rd Lansing, IL.
What is the asking price?
The asking price for this property is $2,511,942.
What are key features of this property?
This property features: 2,465‑square‑foot Chipotle restaurant built in 2024; Absolute NNN lease with zero landlord responsibilities; 15‑year lease runs through May 2039
