Net Leased Chicago Chipotle Sold Date October 7, 2025
The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant net leased Chipotle located at 2935 West Peterson Avenue, in Chicago, Illinois for $2,631,589.
The 2,160 square-foot net leased Chipotle is located along Peterson Avenue which experiences 32,100 vehicles per day and is just two blocks east of Lincoln Avenue (28,100 VPD). The property is positioned in an affluent northern neighborhood with more than 427,000 residents within a three-mile radius, earning an average household income exceeding $131,000. The property benefits from its proximity to The Home Depot, Mather High School (1,750 students), and Lincoln Village Shopping Center. Additionally, the surrounding area is home to a strong mix of national and regional tenants including Walgreens, Bank of America, Potbelly, Culver’s, IHOP, McDonald’s, and several others, contributing to consistent consumer traffic and strong retail synergy.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented both sides in the transaction. The seller was a Midwest based real estate investor, and the buyer was a southwest based real estate investment fund.
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.
“This location features a rare 20-year lease in an affluent Chicago neighborhood.” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman of The Boulder Group, added, “Chipotle relocated here from a high-performing inline store just up the street.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high-net-worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $9 billion of single tenant net lease real estate transactions. From 2013-2023, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.
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