Chipotle
JUST OPENED | New Construction Chipotle | 15-Yr Abs NNN Lease | 100,000 VPD at Hard Corner Location
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 locations in 2026 and is consistently recognized on Fortune’s Most Admired Companies list.
HARD CORNER TROPHY LOCATION | 100,000 VEHICLES PER DAY AT INTERSECTION -
The subject property immensely benefits from being located on a hard corner of one of Tucson’s most heavily trafficked intersections – 2nd Street & Kolb Road, seeing nearly 100,000 vehicles per day. 22nd Street & Kolb Road is a major crossroads in southeast Tucson that sees heavy vehicle traffic and serves both local commuters and people traveling to and from Davis-Monthan Air Force Base. The building’s prime retail positioning within a dense trade area is a rarity in one of Arizona’s largest MSA’s.
BRAND NEW 2026 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.
EXCEPTIONAL REAL ESTATE FUNDAMENTALS | DENSE INFILL SUBMARKET OF TUCSON -
Chipotle is supported by a dense, stable population base within the surrounding area consisting of over 15,000+ people residing within a 1 mile ring along with 123,000+ and 222,000+ people within a 3 & 5 mile ring. Irreplaceable real estate within the Tucson MSA.
2ND LARGEST CITY IN ARIZONA | HOME TO THE UNIVERSITY OF ARIZONA - Tucson is Arizona’s second-largest city with a metropolitan population of just under 1.1 million and is the largest city in Pima County. The area benefits from a relative low cost of living and competitive disposable income compared to other major West Coast metros. Tucson is also home to the University of Arizona, a large university with over 53,000 on-campus students further supporting long-term economic stability.
IDEAL DAILY NEEDS TRAFFIC DRIVERS | IMMEDIATE PROXIMITY TO KEY SOUTHERN AZ EMPLOYMENT HUB (12,000+ EMPLOYEES) -
Chipotle will benefit from a lengthy list of high-traffic and daily needs retailers including Fry’s Marketplace, Sprouts, Safeway, The Home Depot, Wal-Mart, and Lowe’s located less than 2 miles from the site. The property sits within less than 3 miles from the Davis-Monthan Air Force Base, a major U.S. Air Force installation that plays an outsized role in Southern Arizona’s economy and workforce. DM AFB sits on 10,700 AC and employs over 12,000 active duty, civi
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