57592 TWENTYNINE PALMS HIGHWAY Yucca Valley CA 92284

GTS Realty Inc. is pleased to present the opportunity to acquire Chipotle Drive-thru, located in the Joshua Village Shopping Center, a 97,250 square foot grocery anchored shopping center in Yucca Valley, California. Joshua Village contains Vons, Ross Dress for Less, Aaron Rents, Big O Tires, Spectrum, Angel View, The UPS Store, Little Caesars, La Michoacana and others. It is one of the dominant centers in the trade area. Chipotle is planned to open Q4 of 2023. This offering is only for Chipotle.

Joshua Village is located along Twentynine Palms Highway, the main arterial between Yucca Valley and the Joshua Tree National Forest. The customer base includes the 25,000 residents as well as the 12,500 active duty military stationed at Twentynine Palms Marine Base, 24,000 family members and another 21,000 DoD/Contractors. Joshua Village also benefits from the more than 2.4 million visitors traveling to Joshua Tree National Forest annually, located 10 miles from the center.

CHIPOTLE

Chipotle Mexican Grill, Inc. is an American chain of fast casual restaurants specializing in bowls, tacos and Mission burritos made to order in front of the customer. Chipotle operates over 3,100 restaurants in the United States, United Kingdom, Canada, Germany, and France.

Chipotle was one of the first chains of fast casual dining establishments founded by Steve Ells in 1993. In 2023, the company plans to open 270 new restaurants with at least 80% to included the digital order drive-thru. For more information visit www.chipotle.com

GROCERY SALES PERFORMANCE

Chipotle is located in Joshua Village, home to Vons a dominant grocer in the trade area. Vons has been experiencing steady sales increases for the past four years. Since 2018, their sales have increased 34%.

CAPTIVE CUSTOMER BASE

In addition to the 25,000 residents of Yucca Valley, Joshua Village also benefits from the more than 2.4 million visitors traveling to Joshua Tree National Forest annually. Joshua Village also serves the 12,500 troops stationed at Twentynine Palms Marine Base, 24,000 family member and another 21,000 DoD/Contractors