Net Leased Chipotle
For Sale
Contact for pricing
9820 West Indian School Road, Phoenix, AZ 85037
Newly constructed Chipotle with a corporate-guaranteed lease and a 15-year primary term featuring scheduled rent increases.
Property Size2,325 SF
Price / SF$1,768
Days on Market52
Property Features for 9820 West Indian School Road
General Information
Standard status
Active
Size
2,325 SF
Property subtype
Retail
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$185,000
Site & Location
Traffic Count
177,921 vehicles/day
Highway Access
Yes
Building Details
Year Built
2026
Tenancy
Single
Listing Agency:
Cushman & Wakefield - Phoenix, Arizona
(602) 224-4475
Listed By:
Chris Hollenbeck · License #SA584876000
Source:
Crexi
Added: Jul 9
Changed: Aug 26
Last Checked: Aug 29 at 1:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - Phoenix, Arizona
Investment Insights
Based on property information with market context.
Cushman & Wakefield is pleased to present a newly constructed, net leased Chipotle Mexican Grill investment. Built in 2026, the property features Chipotle’s newest prototype design and is secured by a corporate-guaranteed lease. The lease structure includes a 15-year primary term with 10% rental increases every five years.
The site is located in Phoenix, Arizona in the West Valley, less than one-half mile from Loop 101, a primary freeway corridor carrying approximately 177,921 vehicles per day. The property is also positioned directly across from approximately 3,298 residential units.
This offering provides investors with long-term lease security backed by Chipotle Mexican Grill, Inc., combined with contractual rent growth and a durable restaurant operating platform within a dense local trade area.
The site is located in Phoenix, Arizona in the West Valley, less than one-half mile from Loop 101, a primary freeway corridor carrying approximately 177,921 vehicles per day. The property is also positioned directly across from approximately 3,298 residential units.
This offering provides investors with long-term lease security backed by Chipotle Mexican Grill, Inc., combined with contractual rent growth and a durable restaurant operating platform within a dense local trade area.
Key Highlights
- Newly constructed in 2026, Chipotle property with a 15‑year primary net lease term
- Tenanted by Chipotle Mexican Grill under a corporate‑guaranteed lease backed by Chipotle Mexican Grill, Inc.
- Scheduled 10% rental increases every five years for contractual long‑term rent growth
Property Analytics
Current Use
Lease Details
177,921 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
23k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 47%
7-Eleven
Shops & Services
12,056 visits/mo
0.4 miles
Jack in the Box
Dining
10,795 visits/mo
0.4 miles
Demographics for 85037, AZ
50,929
Population
16,020
Households
3.2
Avg Household Size
29
Median Age
14%
College-Educated
79%
High-School Grad
8.2 sq mi
ZIP Area
6,211
Density / Sq Mi
$81,919
Median Household Income
$40,866
Median Earnings
$1,649
Median Rent
$290,600
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Newly constructed Chipotle with a corporate-guaranteed lease and a 15-year primary term featuring scheduled rent increases.
Where is this conventional restaurant located?
The property is located at 9820 West Indian School Road Phoenix, AZ.
What is the asking price?
The asking price for this property is $4,112,000.
What are key features of this property?
This property features: Newly constructed in 2026, Chipotle property with a 15‑year primary net lease term; Tenanted by Chipotle Mexican Grill under a corporate‑guaranteed lease backed by Chipotle Mexican Grill, Inc.; Scheduled 10% rental increases every five years for contractual long‑term rent growth
