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Chipotle - Scottsdale 8099 E McDowell Rd 2,325 SF 4-Star Retail Building Scottsdale, AZ 85257 $3,200,000 ($1,376.34/SF) 4.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare Opportunity to Buy in Scottsdale
- 282,636 Residents within a 5-Mile Radius - Households and Population Projected to Increase 4% in the Surrounding Area by 2030
- Average Household Income Exceeds $107,000 within 3 Miles
- 8+ Years Remaining on Corporate Lease with Chipotle (NYSE: CMG)
- Multiple Renewal Options with 10% Rental Increases Every 5 Years
- Frontage Along McDowell Road with 53,000+ Cars per Day at the Corner of McDowell Road and Hayden Road
EXECUTIVE SUMMARY
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.
Adjacent to the Greater Phoenix Area, Scottsdale is known as “the West’s most Western town” and was described in the New York Times as “a desert version of Miami’s South Beach.” With a population of more than 240,000, the City of Scottsdale is among Arizona’s ten largest cities.
Adjacent to the Greater Phoenix Area, Scottsdale is known as “the West’s most Western town” and was described in the New York Times as “a desert version of Miami’s South Beach.” With a population of more than 240,000, the City of Scottsdale is among Arizona’s ten largest cities.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
$3,200,000
Price Per SF
$1,376.34
Cap Rate
4.50%
NOI
$144,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.68 AC
Zoning
C - Restaurant/Fast Food
Frontage
266’ on McDowell Rd
AMENITIES
- Signage
- Drive Thru
Walk Score®
Very Walkable (72)
Bike Score®
Biker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 131-09-002Q | Improvements Assessment | $0 |
| Land Assessment | $54,625 | Total Assessment | $54,625 |
PROPERTY TAXES
Parcel Number
131-09-002Q
Land Assessment
$54,625
Improvements Assessment
$0
Total Assessment
$54,625
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Chipotle - Scottsdale | 8099 E McDowell Rd
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