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Shopping Strip

Chipotle / AT&T Shops

1335 S Alma School Rd, Mesa, AZ 85210

Listing Price: $4,880,000

Cap Rate
5.75%
Gross SF
8,546
Rentable SF
8,546
Price/Gross SF
$571.03
Lot Size
1.23 acres
Year Built
2015

Investment Overview

Chipotle Mexican Grill, Inc. (NYSE: CMG) is an American chain of fast casual restaurants in the United States, United Kingdom, Canada, Germany, and France, known for its large burritos, assembly-line production, and use of natural ingredients. AT&T (NYSE: T) is the world’s largest telecommunications company and the largest provider of mobile telephone services in the U.S. As of 2020, AT&T was ranked ninth on the Fortune 500 rankings of the largest United States corporations. Ike’s Love & Sandwiches was founded in 2007 in San Francisco, California under the name “Ike’s Place.” Since its founding, the brand has been defined by innovative offerings and iconic flavors. Every location comes with exclusive sandwich offerings that are eclectically named as a tribute to local celebrities and icons. Founded in 2007 and based in Denver, Colorado, Smashburger is the quickest fast-casual restaurant concept to hit the 200-restaurant milestone. The brand has continued their record growth by expanding into 38 states and nine countries with over 340 Smashburger locations. Founded in 2007 and based in Denver, Colorado, Smashburger is the quickest fast-casual restaurant concept to hit the 200-restaurant milestone. The brand has continued their record growth by expanding into 38 states and nine countries with over 340 Smashburger locations. Mesa is the third largest city in Arizona, after Phoenix and Tucson, and the 38th largest city in the U.S. It is home to numerous higher education facilities, including the Polytechnic campus of Arizona State University. The city’s top employers include Banner Health, Boeing, Walmart, Fry’s Food & Drug, and The Home Depot.

Investment Highlights

  • 100 Percent Leased to National Tenants with All Triple-Net (NNN) Leases and 10 Percent Rental Increases Every Five Years
  • Brand New Five and 10 Year Leases with AT&T and Ike's Love & Sandwiches (Relocation Store from Across the Street)
  • 431,449 Residents Within a Five-Mile Radius - Densely Populated and Growing Mesa Trade Area in the Phoenix MSA
  • Excellent Frontage Along South Alma School Road (Over 37,800 Cars per Day) with Immediate Access to the Superstition Freeway (US-60) (Over 281,500 Cars per Day)
  • One Mile from Mesa Community College (Over 16,500 Students) and Two Miles from Banner Desert Medical Center
  • Across the Street from In-N-Out Burger, Dutch Bros Coffee, and LongHorn Steakhouse, and in Close Proximity to Numerous Other National Retailers - Target, Walgreens, McDonald's, Dollar Tree, and More
  • Outparcel to Feed My Starving Children Facility (25,000 Square Feet)
  • Adjacent to The Mesa Tower - a 16-Story, 311,949-Square-Foot, Class A High-Rise Office Building

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Shopping Strip

Chipotle / AT&T Shops

Listing Price: $4,880,000

Cap Rate
5.75%
Gross SF
8,546
Rentable SF
8,546
Price/Gross SF
$571.03
Lot Size
1.23 acres
Year Built
2015

Investment Highlights

  • 100 Percent Leased to National Tenants with All Triple-Net (NNN) Leases and 10 Percent Rental Increases Every Five Years
  • Brand New Five and 10 Year Leases with AT&T and Ike's Love & Sandwiches (Relocation Store from Across the Street)
  • 431,449 Residents Within a Five-Mile Radius - Densely Populated and Growing Mesa Trade Area in the Phoenix MSA
  • Excellent Frontage Along South Alma School Road (Over 37,800 Cars per Day) with Immediate Access to the Superstition Freeway (US-60) (Over 281,500 Cars per Day)
  • One Mile from Mesa Community College (Over 16,500 Students) and Two Miles from Banner Desert Medical Center
  • Across the Street from In-N-Out Burger, Dutch Bros Coffee, and LongHorn Steakhouse, and in Close Proximity to Numerous Other National Retailers - Target, Walgreens, McDonald's, Dollar Tree, and More
  • Outparcel to Feed My Starving Children Facility (25,000 Square Feet)
  • Adjacent to The Mesa Tower - a 16-Story, 311,949-Square-Foot, Class A High-Rise Office Building

Investment Overview

Chipotle Mexican Grill, Inc. (NYSE: CMG) is an American chain of fast casual restaurants in the United States, United Kingdom, Canada, Germany, and France, known for its large burritos, assembly-line production, and use of natural ingredients. AT&T (NYSE: T) is the world’s largest telecommunications company and the largest provider of mobile telephone services in the U.S. As of 2020, AT&T was ranked ninth on the Fortune 500 rankings of the largest United States corporations. Ike’s Love & Sandwiches was founded in 2007 in San Francisco, California under the name “Ike’s Place.” Since its founding, the brand has been defined by innovative offerings and iconic flavors. Every location comes with exclusive sandwich offerings that are eclectically named as a tribute to local celebrities and icons. Founded in 2007 and based in Denver, Colorado, Smashburger is the quickest fast-casual restaurant concept to hit the 200-restaurant milestone. The brand has continued their record growth by expanding into 38 states and nine countries with over 340 Smashburger locations. Founded in 2007 and based in Denver, Colorado, Smashburger is the quickest fast-casual restaurant concept to hit the 200-restaurant milestone. The brand has continued their record growth by expanding into 38 states and nine countries with over 340 Smashburger locations. Mesa is the third largest city in Arizona, after Phoenix and Tucson, and the 38th largest city in the U.S. It is home to numerous higher education facilities, including the Polytechnic campus of Arizona State University. The city’s top employers include Banner Health, Boeing, Walmart, Fry’s Food & Drug, and The Home Depot.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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