Listed by Echo West Capital Advisors
$4,105,263
Chipotle Mexican Grill
Details
APN 508-14-961-B
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,325
Net Rentable (SqFt) 2,325
Units 1
Cap Rate 4.75%
NOI $195,000
Tenancy Single
Brand/Tenant Chipotle
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Price per SqFt $1,766
Year Built 2026
Stories 1
Acreage 1.320
Investment Type Net Lease
Ground Lease No
NOW OPEN! Chipotle - Goodyear, AZ | 15-Year Absolute NNN Lease | I-10 Freeway Proximity
Investment highlights
- TRULY PASSIVE INVESTMENT | RARE CHIPOTLE ABSOLUTE NNN LEASE STRUCTURE - The offering features a absolute NNN lease structure with zero landlord responsibilities providing a prospective purchaser with a truly passive, hands-off investment opportunity.
- LONG-TERM NNN LEASE | ATTRACTIVE BUILT-IN RENTAL INCREASES - Offering features a brand new, long-term 15-year lease with contractual 10% increases every 5 years throughout the initial term and option periods.
- CATEGORY-LEADING TENANCY | CORPORATELY BACKED LEASE (NYSE: CMG) - Corporately backed lease from an industry leading tenant within the fast-casual/QSR space. Chipotle Mexican Grill (NYSE: CMG) recently opened its 4,000th restaurant and is nearly halfway to its long-term goal of operating 7,000 restaurants in the U.S. and Canada. Chipotle has lofty expansion plans to open nearly 370 new stores in 2026 and is consistently recognized on Fortune’s Most Admired Companies list.
- IDEAL REAL ESTATE FUNDAMENTALS | I-10 FREEWAY PROXIMITY - Property sits conveniently with highly visible street frontage on McDowell Road and in close proximity to the I-10 Freeway, which sees nearly 215,000 vehicles per day.
- BRAND NEW CONSTRUCTION | FREESTANDING “CHIPOTLANE” PROTOTYPE - The property features brand new construction incorporating Chipotle’s freestanding “Chipot-lane” prototype designed to support digital ordering, drive-thru convenience, and long-term operational efficiency. Nearly 80% of all Chipotle locations moving forward in 2026 and beyond will include a drive-thru.
- TREMENDOUS RETAIL SYNERGY | OVER 1M+ SQUARE FEET OF RETAIL AT INTERSECTION - Chipotle is positioned prominently within a heavily trafficked trade area that consists of a long-list of anchor retailers including Hobby Lobby, EoS Fitness, TJ Maxx, Harkins Theatres, HomeGoods, Burlington Coat Factory, Petco, WinCo Foods across the street and the brand new Trader Joe’s.
- LOCATED IN THE HEART OF GOODYEAR, AZ | DENSE & STABLE DEMOGRAPHICS - Goodyear, AZ is a thriving community located in the Southwest Valley of the Phoenix MSA with dense, affluent demographics consisting of over 163,578 people within 5-miles from the subject site and an average household income in excess of $100,000. Year-over-year, Goodyear is consistently ranked as one of the fastest growing cities in the nation seeing growth exceed 45% over the past decade.
- SIGNALIZED CORNER LOCATION | PROXIMITY TO GOODYEAR’S NEW CIVIC SQUARE! - Chipotle is located on the hard corner of a signalized intersection providing an ease of access to all customers. The City of Goodyear’s new Civic Square Development is directly to the East along McDowell Road and currently almost at completion. The project will consist of multiple hotels, 104,000 SF of Class A office, the Goodyear Civic Center building, park, Public Library along with nearly 50,000 SF of lifestyle and experiential retail featuring Nordstrom Rack, First Watch, Fogo de Chão, Black Rock Coffee, CAVA, and more. Trader Joes, Shake Shack and Banner Health have recently opened, further strengthening this rapidly growing destination.
Listing Contacts
Listed by Echo West Capital Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$195,000.00
$16,250.00/mo
Valuation Metrics
0
DSCR
4.75%
Cap Rate
4.75%
ROI
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