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Chipotle - Higley Rd & Chandler Heights Blvd 6225 S Higley Rd 2,395 SF Retail Building Gilbert, AZ 85298 $3,763,000 ($1,571.19/SF) 4.65% Cap Rate
EXECUTIVE SUMMARY
Velocity Retail Group is pleased to offer this Single Tenant Net Leased Investment property located at 6225 S Higley Road, Gilbert, AZ 85298 (the “Property”). This offering presents an excellent opportunity for an investor to acquire an income-producing commercial property located in a high demographic City of Gilbert sub-market that is a part of the high growth sun belt super-regional Phoenix metropolitan area (5,000,000+ population). The Property is leased to Chipotle Mexican Grill (NYSE: CMG), a very successful top tier national fast casual restaurant operator.
Highlights:
- New 2,395 SF Building with “Chipotlane” Drive Thru: Chipotle Mexican Grill opened for business at the subject location in June 2025. The Chipotlane drive is specially designed to accelerate digital order pick up delivery.
- Large Pad Size: 1.26 acre pad size with street frontage on Higley Road provides its customers with the convenience of easy in and out access and on-site parking.
15-year Chipotle Mexican Grill, Inc Lease: the Property is leased directly to Chipotle Mexican Grill, Inc. (NYSE: CMG), an industry-leading fast-casual restaurant operator with over 3,800 units and a $50 Billon market cap (01/02/26).
- Grocer Anchored Intersection: The Property is less than 1,200 feet from the Chandler Heights Blvd and Highly Rd intersection (35,582 CPD), which is anchored by Fry’s Marketplace (Kroger’s) grocery store. Walgreen’s, Chase Bank, McDonald’s, Dunkin Donuts, Jersey Mikes, Desert Shore Pediatrics, NextCare, and Phoenix Children’s Academy Preschool additionally draw a steady stream of customers to the immediate trade area.
- Affluent City of Gilbert Sub-Market: In the 3-Mile radius of the Property, the average household income is $195,000 and there are 72,257 residents. The local area is one of the most desirable places to live in the greater Phoenix Metro area.
Highlights:
- New 2,395 SF Building with “Chipotlane” Drive Thru: Chipotle Mexican Grill opened for business at the subject location in June 2025. The Chipotlane drive is specially designed to accelerate digital order pick up delivery.
- Large Pad Size: 1.26 acre pad size with street frontage on Higley Road provides its customers with the convenience of easy in and out access and on-site parking.
15-year Chipotle Mexican Grill, Inc Lease: the Property is leased directly to Chipotle Mexican Grill, Inc. (NYSE: CMG), an industry-leading fast-casual restaurant operator with over 3,800 units and a $50 Billon market cap (01/02/26).
- Grocer Anchored Intersection: The Property is less than 1,200 feet from the Chandler Heights Blvd and Highly Rd intersection (35,582 CPD), which is anchored by Fry’s Marketplace (Kroger’s) grocery store. Walgreen’s, Chase Bank, McDonald’s, Dunkin Donuts, Jersey Mikes, Desert Shore Pediatrics, NextCare, and Phoenix Children’s Academy Preschool additionally draw a steady stream of customers to the immediate trade area.
- Affluent City of Gilbert Sub-Market: In the 3-Mile radius of the Property, the average household income is $195,000 and there are 72,257 residents. The local area is one of the most desirable places to live in the greater Phoenix Metro area.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
2,395 SF
Building Class
C
Year Built
2025
Price
$3,763,000
Price Per SF
$1,571.19
Cap Rate
4.65%
NOI
$175,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.26 AC
Zoning
GC - General Commercial
AMENITIES
- Restaurant
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 304-79-971A | Improvements Assessment | $0 |
| Land Assessment | $926,526 | Total Assessment | $926,526 |
PROPERTY TAXES
Parcel Number
304-79-971A
Land Assessment
$926,526
Improvements Assessment
$0
Total Assessment
$926,526
CONTACTS
-
Eli Castronova -
Brian Gast -
Richard Francis -
Paige Keefer -
Velocity Retail Group
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Chipotle - Higley Rd & Chandler Heights Blvd | 6225 S Higley Rd
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