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Views: 76 DOM: 139 Updated: 01.17.24 Posted: 08.30.23 Status: Sold 01.16.24


Price $3,600,000 $3,489,000
Built/Renov 2023
Tenant Chipotle Mexican Grill
Cap Rate 4.36% 4.50%
Lease Type NN+
Guarantor Corp Traded
Size/SF 2,400
Lease Start 12-01-2023
#Units 3,224
Price/SF $1,500.00 $1,453.75
Expiration 12-01-2043
Tenant Type Fast Casual/Rest.
NOI $157,000
R. Term 19.5
Ownership Fee Simple
Rent/SF $65.42
Increases 10.0%/5/yrs
Pop 5Mi 63,150
Lot/AC 0.72
Options 6/5yrs/10%
AHHI 5Mi $129,352

Lease Highlights

  • Brand new 2023 construction with a "Chipotlane" drive-thru and 15-year roof warranty
  • Chipotle recently singed a brand new 20-year lease with 6 (5-year) options to extend
  • Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Favorable NN+ lease with landlord responsible for the roof
  • Corporate guarantee by Chipotle Mexican Grill, Inc. (NYSE: CMG)

Location Description

This newly constructed 2,400 square foot Chipotle is situated on a .71 acre parcel along North El Mirage Road seeing 6,700 vehicles per day. The site benefits from its location as an outparcel to a shopping center with neighboring tenants including Walgreens, AutoZone, Big Dreams Preschool and others. Additional national/credit tenants in the area include Safeway, Subway, Circle K, Starbucks,...



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  • Tenant: Chipotle
  • Guarantor:Corp Traded
  • Company:Chipotle Mexican Grill, Inc.
  • # Units:3,224
  • Stock: NYSE: CMG

About Tenant

Chipotle Mexican Grill, Inc., (NYSE: CMG) often known simply as Chipotle, is an American chain of fast casual restaurants in the U.S., United Kingdom, Canada, Germany, and France, specializing in...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,852 33,087 77,275
2023 Total Population : 5,792 30,969 73,479
2023 Employed Civilian Pop : 2,600 13,944 32,494
2023 Total Businesses : 81 173 685
2023 Average Household Income : $ 154,878 $ 157,151 $ 141,348
2023 Total Consumer Spending : $ 290 M $ 1515 M $ 3313 M
2023 Median Age : 44 40 42
2023 Total Households : 2,219 11,415 27,488
2023 Pop Age 25+: Bachelor's Degree : 1,177 6,655 14,736
2023 Average Home Value : $ 555,413 $ 541,965 $ 520,846
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
N Vistancia Bl Vistancia Blvd 2014 13,858 0.14 mi
North Westward Skies Drive 120th Ln 2019 9,081 0.35 mi
Vistancia Blvd Sunrise Pt 2014 9,905 0.41 mi
North Vistancia Boulevard W Roy Rogers Rd 2018 7,335 0.51 mi
North Vistancia Boulevard Blue Sky Dr 2018 7,907 0.60 mi
Ridgeline Rd 122nd Dr 2016 1,294 0.63 mi
el Mirage Rd Blue Sky Dr 2015 2,662 0.68 mi
Sunrise Pt Nadine Way 2015 1,090 0.80 mi
Sunset Pt W Lone Mountain Pw 2015 1,445 0.93 mi
West Lone Mountain Parkway N el Mirage Rd 2019 11,948 0.98 mi

Listing Broker

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