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Restaurant

Chipotle Drive-Thru

3185 E Bell Rd, Phoenix, AZ 85032

Listing Price: $3,176,470

Cap Rate
4.25%
Tenant Name
Chipotle
Years Remaining On Lease
10.2
Gross SF
2,327
Guarantor
Corporate Guarantee
Rentable SF
2,327
Price/Gross SF
$1,365.05
Lease Type
Double Net
Rent Per Square Feet
$58.01

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. Founded in 1993, Chipotle is one of the first chains of fast casual dining establishments, offering more than 65,000 combinations of burritos, soft tacos, crispy tacos, chips and salsa, beer, and margaritas. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. Since 2000, the population in the metro increased by more than 38 percent. The largest city is Phoenix, which encompasses about 520 square miles, is the capital city and boasts a population of more than 1.5 million.

Investment Highlights

  • Brand New 10-Year Corporate Lease with Chipotle Mexican Grill
  • 10% Rental Increases Every 5 Years
  • 2021 Construction with "Chipotlane" Drive-Thru Concept
  • Chipotle Plans to Outfit 60% of Stores with a "Chipotlane" Drive-Thru. Stores with a Chipotlane are Among the Company's Most Profitable Locations
  • 285,030 Residents within a 5-Mile Radius - Dense Phoenix Infill
  • Hard Corner Location at the Intersection of West Bell Road and North 32nd Street (65,000+ Cars/Day)
  • Adjacent to New Construction - Sherwin-Williams and Bikini Beans

Exclusively Listed By

Listing Price: $3,176,470

Cap Rate
4.25%
Tenant Name
Chipotle
Years Remaining On Lease
10.2
Gross SF
2,327
Guarantor
Corporate Guarantee
Rentable SF
2,327
Price/Gross SF
$1,365.05
Lease Type
Double Net
Rent Per Square Feet
$58.01

Investment Highlights

  • Brand New 10-Year Corporate Lease with Chipotle Mexican Grill
  • 10% Rental Increases Every 5 Years
  • 2021 Construction with "Chipotlane" Drive-Thru Concept
  • Chipotle Plans to Outfit 60% of Stores with a "Chipotlane" Drive-Thru. Stores with a Chipotlane are Among the Company's Most Profitable Locations
  • 285,030 Residents within a 5-Mile Radius - Dense Phoenix Infill
  • Hard Corner Location at the Intersection of West Bell Road and North 32nd Street (65,000+ Cars/Day)
  • Adjacent to New Construction - Sherwin-Williams and Bikini Beans

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. Founded in 1993, Chipotle is one of the first chains of fast casual dining establishments, offering more than 65,000 combinations of burritos, soft tacos, crispy tacos, chips and salsa, beer, and margaritas. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. Since 2000, the population in the metro increased by more than 38 percent. The largest city is Phoenix, which encompasses about 520 square miles, is the capital city and boasts a population of more than 1.5 million.

Exclusively Listed By

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