Skip to main content

Press Releases

Marcus & Millichap Brokers the Sale of Chipotle Drive-Thru, a 2,400-SF Net-Leased Property in Flagstaff, Arizona

April 18, 2022

FLAGSTAFF, Ariz., April 18, 2022 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Chipotle Drive-Thru, a 2,400-square foot net-leased property located in Flagstaff, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $3,256,000.

Chris Lind and Mark Ruble, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

Newly constructed in 2022 with the “Chipotlane” drive-thru concept, Chipotle is located at 4409 US-89 in Flagstaff, Arizona. This asset is part of Chipotle’s plans to outfit 60 percent of stores with a “Chipotlane.” Existing stores with a drive-thru are among the company’s most profitable locations. The subject property is easily accessible to 53,615 residents with a five-mile radius. Just half a mile off the I-40 freeway, a major thoroughfare connecting Northern Arizona, Chipotle Drive-Thru is visible to over 42,600 vehicles per day along the heavily trafficked U.S. Highway 89.

 

#     #     #

About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.

MM Texture Background