Drive-Thru Chipotle Trades for 4.25% Cap Rate in Phoenix
The property is a prototype for the company, making it a rare opportunity for investment.
The property is located on 1.23 acres on the southwest corner of Priest Drive and Elliot Road at 1655 W. Elliot Road in Tempe. The brand-new, 2,318-square-foot building has a “Chipotlane” drive-thru.
Steven Underwood and Chad Tiedeman at Phoenix Commercial Advisors represented the seller in the transaction.