Chipotle

Brand New 2026 completion location – Currently under construction, brand new prototype with Chipotlane.
15 Year NN+ Lease – Long term net lease with minimal LL responsibilities and sturdy rental increases to provide stable, long-term yield in a growing market.
Chipotle Desert Location – Nearest Chipotle to this site is roughly ±14 miles away and a 15-minute drive time.
SPIRE Academy Traffic Draw – SPIRE Academy provides space for Major Events for the NCAA and Olympic Organizations, as well as other High Level sporting activities – drawing over 1M visitors annually by 2025. Additionally, the campus has boarding for 250-330 students year-round on ±800 AC of land, with additional future development planned. Expectation to have 800 student athletes in the next 5 years.
Pricing based on year 2 NOI of $175,000 – Seller will credit difference at closing.

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