US EditionBoulder Group Brokers $2.8M Sale of Chipotle-Occupied Restaurant Property in Metro Chicago
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Boulder Group Brokers $2.8M Sale of Chipotle-Occupied Restaurant Property in Metro Chicago
LAKE ZURICH, ILL. — The Boulder Group has brokered the $2.8 million sale of a restaurant property net leased to Chipotle in the Chicago suburb of Lake Zurich. The newly constructed building at 442 S. Rand Road features a drive-thru. Chipotle operates under a 15-year lease term with 10 percent rental escalations every five years and four five-year renewal options. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a Chicago-are…
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