Press Releases
Marcus & Millichap Arranges $4.375 Million Sale of Chipotle Property in Arizona
June 05, 2026
PHOENIX, June 4, 2026 – 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 a 2,458-square-foot single-tenant retail property occupied by Chipotle in Phoenix, Arizona, for $4,375,000.
“North Phoenix continues to experience rapid growth driven by new housing, retail development and expanding consumer demand,” said Mark Ruble, senior vice president investments. “As a result, newly constructed retail properties occupied by national tenants remain highly sought after by private investors.”
Ruble, Chris Lind and Zack House of the firm’s Phoenix office represented the buyer, an Arizona limited liability company, in this off-market opportunity.
The property is situated on one acre at 2975 W. Dove Valley Rd. in north Phoenix. Built in 2025, the newly constructed single-tenant retail asset is occupied by Chipotle and will continue operating following the sale.
“North Phoenix continues to experience rapid growth driven by new housing, retail development and expanding consumer demand,” said Mark Ruble, senior vice president investments. “As a result, newly constructed retail properties occupied by national tenants remain highly sought after by private investors.”
Ruble, Chris Lind and Zack House of the firm’s Phoenix office represented the buyer, an Arizona limited liability company, in this off-market opportunity.
The property is situated on one acre at 2975 W. Dove Valley Rd. in north Phoenix. Built in 2025, the newly constructed single-tenant retail asset is occupied by Chipotle and will continue operating following the sale.
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About Marcus & Millichap, Inc. (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, 2025, the company had 1,808 investment sales and financing professionals in over 80 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
