Chipotle for Sale in Scottsdale, AZ
Scottsdale, AZ
Key Investment Metrics
Price
$3,031,000
Cap Rate
4.8%
Net Operating Income
$144,000
Building Size
2325 SF
Remaining Term
8 years
Lease Expiration
04/30/2034
Lease Term
10 years
Lease Commencement
04/05/2024
Lease Type
NN
Tenant Credit
Corporate Guarantee
Year Built
2024
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
Property overview
Chipotle in Scottsdale
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,325 SF
- Year built
- 2024
- Lease type
- NN
- Lease expiration
- 04/30/2034
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.