Investment sale · Free Standing Building
Chipotle
Power Rd & Germann Rd | SWC
4733 East Germann Road, Gilbert, AZ 85297
- Price
- $3,900,000
- Cap rate
- 4.65%
- NOI
- $181,500
- Building Size
- 2,325 SF
- Tenancy
- STNL
- Traffic
- ±23,139 VPDon Germann Road
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Executive Managing Director
About this opportunity
Listed by Chad Tiedeman, Phoenix Commercial Advisors.
The site
| Property type | Retail · Free Standing Building |
|---|
Trade area
| 1 Mile | 3 Miles | 5 Miles | |
|---|---|---|---|
| Population | 14,122 | 88,903 | 228,518 |
| Households | 4,359 | 27,935 | 73,965 |
| Average household income | $162,191 | $181,272 | $180,570 |
2026 estimates for rings around the property.
Highlights
- New, long-term 15-year absolute NNN corporate lease; landlord has NO responsibilities
- Strong credit corporate guarantee from Chipotle Mexican Grill, Inc. with revenue of $11.9 billion
- Chipotle Mexican Grill, Inc., (NYSE: CMG) has 33 years in the business and more than 4,050 locations worldwide
- Chipotle Mexican Grill, Inc., has a market cap of $45.4 billion
- Strong 10% rent increases every 5 years through the primary term and four (4), five (5) year option periods
- Brand-new construction, freestanding building with drive-thru “Chipotlane”, patio dining and five exclusive pick-up spaces
- Average household income is over $174,000 within a 3-mile radius
- Strong visibility to over 50,000 vehicles per day and growing at the intersection and easy accessibility from both Power & Germann roads
- Centralized location between Gilbert & Queen Creek - just a short 7-minute drive from Queen Creek Marketplace
- Bustling intersection with excellent traffic-drawing tenants including: EOS Fitness, The Home Depot, CVS, Starbucks, Chase Bank, and more
- New construction Woodspring Suites with ±122 rooms provides excellent customer potential
- Planned IONNA EV Rechargery with ±14 charging stalls immediately adjacent to the property
- Located between two high quality multi-family developments with San Clement (±336 units) to the south and Sky View Ranch (±232 units) to the north
- ASU’s Polytechnic Campus with ±6,183 students is just 2 miles north of the property
- Nestled within dense residential communities, including Power Ranch to the south and west with over 14,000 active units, and over 221,000 residents within a 5-mile radius
- Located just south of Mesa Gateway Airport, a relief airport for Phoenix Sky Harbor, that contributes $1.8 billion annually to the Arizona economy and is a hub for ±40 global minded companies, including Gulfstream, which recently opened a $130 million service center with ±250 employees plus a future additional ±100
Property overview
Chipotle | 4.65 Cap | 2,325 SF | Absolute NNN Lease
Chipotle is located along Germann Road; situated on the south side; just west of Power Road.
Location4733 East Germann Road, Gilbert, AZ 85297
- Queen Creek Marketplace3.1 mi
- SanTan Village3.9 mi
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