SOLDRetail
Chipotle Property In Lansing Sold For $2.45M From Seller Represented By The Boulder Group
2302 Thornton-Lansing Road
$2,450,000
$993/SF
Building Size
2,465 SF
Asset Type
Retail
Closing
Jul 3, 2026
AI
A retail property located at 2302 Thornton-Lansing Road in Lansing, IL was sold for $2,450,000. The asset is a single-tenant net-leased Chipotle, covering 2,465 square feet, priced at $994 per square foot. The property features a long-term absolute triple-net lease with Chipotle.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,450,000
- Square Footage: 2,465
- Price per Square Foot: $994
- Address: 2302 Thornton-Lansing Road
- Market: Lansing, IL
- Seller: Midwest private family
- Buyer: California-based family trust
- Broker Representation: Randy Blankstein, Jimmy Goodman & John Feeney - The Boulder Group
The transaction involved The Boulder Group, specifically Randy Blankstein, Jimmy Goodman, and John Feeney, representing the seller in this deal involving a newly constructed property leased to Chipotle.
Players
Lansing Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93