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Restaurant

Chipotle Drive-Thru

4409 US-89, Flagstaff, AZ 86004

Listing Price: $3,294,100

Cap Rate
4.25%
Tenant Name
Chipotle Mexican Grill
Years Remaining On Lease
10.1
Gross SF
2,400
Guarantor
Corporate Guarantee
Rentable SF
2,400
Price/Gross SF
$1,372.54
Lease Type
Double Net
Rent Per Square Feet
$58.33

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. Flagstaff, Arizona is located at the intersection of I-17 and I-40, and is the largest city in Northern Arizona. The City is also the regional center and county seat for Coconino County, the second largest county in the 48 contiguous states (by area).

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
  • 53,615 Residents within a 5-Mile Radius
  • High Traffic Location Along US Highway 89 (42,600+ Cars/Day)
  • 1/2 Mile Off the I-40 Freeway, a Major Thoroughfare Connecting Northern Arizona

Exclusively Listed By

Listing Price: $3,294,100

Cap Rate
4.25%
Tenant Name
Chipotle Mexican Grill
Years Remaining On Lease
10.1
Gross SF
2,400
Guarantor
Corporate Guarantee
Rentable SF
2,400
Price/Gross SF
$1,372.54
Lease Type
Double Net
Rent Per Square Feet
$58.33

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
  • 53,615 Residents within a 5-Mile Radius
  • High Traffic Location Along US Highway 89 (42,600+ Cars/Day)
  • 1/2 Mile Off the I-40 Freeway, a Major Thoroughfare Connecting Northern Arizona

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. Flagstaff, Arizona is located at the intersection of I-17 and I-40, and is the largest city in Northern Arizona. The City is also the regional center and county seat for Coconino County, the second largest county in the 48 contiguous states (by area).

Exclusively Listed By

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