Jones Lang LaSalle Americas (Illinois), LP is pleased to offer for sale a newly built-out Chipotle located in Chicago, IL (the “Property” or “Asset”). The Property sits in one of the largest medical districts in Chicago just off the famous Magnificent Mile, home to a collection of luxury retailers and world-renowned brands. Chipotle is operating on a net lease structure with fifteen years of primary lease term, ten percent rental increases every five years, and minimal landlord responsibilities. The Property is at the base of 40-story mixed use building featuring Office, Hotel & Parking. This offering presents the opportunity to acquire a newly-built out Chipotle backed by a corporate guaranty and located within a dense in-fill urban Chicago location near a heavy traveled medical, retail & residential corridor.
- WITHIN LARGEST MEDICAL DISTRICT IN CHICAGO
- NEWLY BUILT OUT CHIPOTLE AT THE BASE OF A 40-STORY TOWER
- 15-YEAR NET LEASE WITH RENTAL INCREASES
- CORPORATE GUARANTY FROM INDUSTRY LEADING TENANT
- JUST OFF CHICAGO’S FAMOUS MAGNIFICENT MILE
- INCREDIBLY DENSE INFILL LOCATION