1838 Baseline Rd - Restaurant FOR SALE
Phoenix, AZ 85041 |
1838 Baseline Rd
Phoenix, AZ 85041
HIGHLIGHTS
- Long-term 15-year net lease with four (4), five (5) year renewal options
- Strong credit corporate guarantee from Chipotle Mexican Grill, Inc. with revenue of $7.19 billion
- Strong 10% rent increases every 5 years through the primary term and option periods
- Strong 10% rent increases every 5 years through the primary term and option periods
- Shadow-anchored by new EOS Fitness, drawing traffic to the center
- Exceptional access and visibility along Baseline Road with nearly 46,000 vehicles per day
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
CHIPOTLE STNL DRIVE-THRU
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding
TOTAL BUILDING SIZE
2325
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
105-97-798
