Chipotle NNN — Phoenix, AZ

$4,112,000 · 4.50% CAP · 15 YRS

Brand-new Chipotle in Phoenix under a corporate guarantee, with 15 years of primary term and 10% increases every five years. The NN structure keeps landlord duties limited, and four 5-year options extend the horizon.

Lease Abstract

Price

$4,112,000

Cap rate

4.50% CAP

NOI

$185,000

Term remaining

15 YRS

Lease type

NN

Increases

10% every 5 years

Options

Four (4) Five (5) Year Options

Guarantee

Corporate

Building

2,325 SF

Lot

1.09 AC

Year built

2026

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Location

Phoenix, Arizona. Full address and offering memorandum released on request — see our Chipotle tenant guide and the Arizona market page for the underwriting context.