108 S Beeline Hwy - Fast Food FOR SALE


Payson, AZ 85541
$2,680,000 USD
602-687-6780
108 S Beeline Hwy, Payson, AZ for Sale
$2,680,000 USD
Fast Food - FOR SALE
1/5
null | 5% Cap Rate

108 S Beeline Hwy
Payson, AZ 85541


HIGHLIGHTS

  • ±12 Years Remaining on Corporate Lease with Chipotle
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • High-Quality 2022 Remodel with a "Chipotlane" Drive-Thru
  • Chipotle Locations with a "Chipotlane" Generate 10 Percent More in Sales Than Traditional Chipotle Restaurants
  • ±20,000 Residents within a 5-Mile Radius
  • Situated Immediately Off State Route 87, a Major Thoroughfare Through Payson

OVERVIEW

Payson is intersected by State Routes 87 and 260, just 90 miles north of Phoenix, Arizona. Payson is a growing city with many major recreational and housing projects underway. Residents and businesses alike are attracted to the city due to its central location and breathtaking natural landscape. Payson has a population of 16,762 residents and an average household income of over $68,000; making the city small enough to feel safe and comfortable, yet large enough to have plenty of events. Chipotle Mexican Grill, Inc. (NYSE: CMG) is an American chain of fast casual restaurants in the United States, United Kingdom, Canada, Germany, and France, known for its large burritos, assembly-line production, and use of natural ingredients. Founded in 1993, Chipotle is one of the first chains of fast casual dining establishments, offering more than 65,000 combinations of burritos, soft tacos, crispy tacos, chips and salsa, beer, and margaritas.

FOR SALE DETAILS

PRICE

$2,680,000 USD

PRICE/SF

$1,070 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle Drive-Thru (Chipotlane)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

C1

APN/PARCEL ID

304-02-049D

ASK ABOUT THIS PROPERTY

Christopher LindMarcus & MillichapMore Info
602-687-6780

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Christopher LindMarcus & MillichapMore Info
602-687-6780

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.