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Restaurant

Brand New Chipotle w/ Dr-Thru | Premier Hard Corner - Phoenix MSA | 15 Year Abs. NNN | Strong Demos

3785 S Val Vista Dr, Gilbert (Phoenix MSA), AZ 85297

Listing Price: $3,222,222

Cap Rate
4.50%
Tenant Name
Chipotle
Years Remaining On Lease
15.1
Gross SF
2,400
Guarantor
Corporate Guarantee
Rentable SF
2,400
Price/Gross SF
$1,342.59
Lease Type
Absolute Net
Rent Per Square Feet
$60.42

Investment Overview

Gilbert is a town in Maricopa County, Arizona, located southeast of Phoenix within the city's metropolitan area. It is the fifth-largest municipality in Arizona, and the fourth-largest in the Phoenix metro area. Gilbert has made a rapid transformation from an agriculture-based community to an economically diverse suburban center located in the southeastern valley of the Greater Phoenix area. It has grown at an extremely high rate over the last three decades, increasing in population from 5,717 in 1980 to 267,918 as of the 2020 census. The town grew at an average annual rate of over 10% during this 40-year period. It is the largest incorporated town in the United States. Between 2000 and 2010, the town of Gilbert was the fastest-growing incorporated place among populations of 100,000 or more in the United States, with an increase of 90.0 percent. Maricopa County is in the south-central part of Arizona. As of the 2020 census the population was 4,420,568, or about 62% of the state's total, making it the fourth-most populous county in the United States and the most populous county in Arizona, and making Arizona one of the nation's most centralized states. The county seat is Phoenix, the state capital and fifth-most populous city in the United States.Maricopa County is the central county of the Phoenix–Mesa–Chandler Metropolitan Statistical Area.

Investment Highlights

  • 15 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2024 High Quality Construction featuring a Drive Thru Pick-Up Lane.
  • Positioned Along Area's Traffic, Medical and Retail Corridor - Features Easy Access & Excellent Visibility at a Hard Corner with Daily Traffic Counts Exceeding 45k Vehicles.
  • Chipotle has an Annual Revenue in Excess of $8.63 Billion, a Total Net Worth of more than $2.36 Billion and is Ranked #450 on the Fortune 500 List.
  • Strong Daytime Employment Area - Near Numerous Established Business Parks, Medical and Regional Office Spaces, Auto Dealerships, Distribution Centers, Industrial and Manufacturing Plants. Large Base of Employees within Walking Distance or a Short Drive.
  • Adjacent to a Premium Commercial/Mixed-Use Project with multiple Office Buildings, a 5-Story Hotel, Retail, Restaurants and Directly Across from Brand New Construction Apartments including Acero Val Vista (328 Units) and Verena (202 Units).
  • Walking Distance from Mercy Gilbert Medical Center - a Full-Service, 212-Bed, Acute Care Community Medical Center providing exceptional Healthcare to the East Valley w/ more than 1,400 Employees and 1,000 Physicians Currently Employed.
  • Densely Populated and Affluent Area: Features an Average Household Income of $134k+ within a 3-Mile Radius and more than 284k People Residing within a 5-Mile Radius. Gilbert is one of the Fastest Growing Communities in the Nation.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Restaurant

Brand New Chipotle w/ Dr-Thru | Premier Hard Corner - Phoenix MSA | 15 Year Abs. NNN | Strong Demos

Listing Price: $3,222,222

Cap Rate
4.50%
Tenant Name
Chipotle
Years Remaining On Lease
15.1
Gross SF
2,400
Guarantor
Corporate Guarantee
Rentable SF
2,400
Price/Gross SF
$1,342.59
Lease Type
Absolute Net
Rent Per Square Feet
$60.42

Investment Highlights

  • 15 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2024 High Quality Construction featuring a Drive Thru Pick-Up Lane.
  • Positioned Along Area's Traffic, Medical and Retail Corridor - Features Easy Access & Excellent Visibility at a Hard Corner with Daily Traffic Counts Exceeding 45k Vehicles.
  • Chipotle has an Annual Revenue in Excess of $8.63 Billion, a Total Net Worth of more than $2.36 Billion and is Ranked #450 on the Fortune 500 List.
  • Strong Daytime Employment Area - Near Numerous Established Business Parks, Medical and Regional Office Spaces, Auto Dealerships, Distribution Centers, Industrial and Manufacturing Plants. Large Base of Employees within Walking Distance or a Short Drive.
  • Adjacent to a Premium Commercial/Mixed-Use Project with multiple Office Buildings, a 5-Story Hotel, Retail, Restaurants and Directly Across from Brand New Construction Apartments including Acero Val Vista (328 Units) and Verena (202 Units).
  • Walking Distance from Mercy Gilbert Medical Center - a Full-Service, 212-Bed, Acute Care Community Medical Center providing exceptional Healthcare to the East Valley w/ more than 1,400 Employees and 1,000 Physicians Currently Employed.
  • Densely Populated and Affluent Area: Features an Average Household Income of $134k+ within a 3-Mile Radius and more than 284k People Residing within a 5-Mile Radius. Gilbert is one of the Fastest Growing Communities in the Nation.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.

Investment Overview

Gilbert is a town in Maricopa County, Arizona, located southeast of Phoenix within the city's metropolitan area. It is the fifth-largest municipality in Arizona, and the fourth-largest in the Phoenix metro area. Gilbert has made a rapid transformation from an agriculture-based community to an economically diverse suburban center located in the southeastern valley of the Greater Phoenix area. It has grown at an extremely high rate over the last three decades, increasing in population from 5,717 in 1980 to 267,918 as of the 2020 census. The town grew at an average annual rate of over 10% during this 40-year period. It is the largest incorporated town in the United States. Between 2000 and 2010, the town of Gilbert was the fastest-growing incorporated place among populations of 100,000 or more in the United States, with an increase of 90.0 percent. Maricopa County is in the south-central part of Arizona. As of the 2020 census the population was 4,420,568, or about 62% of the state's total, making it the fourth-most populous county in the United States and the most populous county in Arizona, and making Arizona one of the nation's most centralized states. The county seat is Phoenix, the state capital and fifth-most populous city in the United States.Maricopa County is the central county of the Phoenix–Mesa–Chandler Metropolitan Statistical Area.

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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