Gilbert Chipotle Sells for $3.9M in Phoenix

SaleRetailEast Valley (Tempe / Mesa / Chandler / Gilbert)

Reported Oct 27, 2026 · Source: Marcus & Millichap

Source: Marcus & MillichapRead the full report at Marcus & Millichap ↗

Deal details

Buyer
a private family completing a 1031 exchange
Seller
a Phoenix-based development company
Price
$3.86M
Size
Not disclosed
Asset class
Retail
Transaction
Sale
Sub-market
East Valley (Tempe / Mesa / Chandler / Gilbert)
Metro
Phoenix
Reported date
Oct 27, 2026

Summary

Germann Road in Gilbert, Arizona. “This transaction provided the buyer with an opportunity to complete a 1031 exchange and acquire a long-term, income-producing asset with no landlord responsibilities,” said Jason Fefer, senior director investments. Source: Marcus & Millichap.

Summarized from the article; the quoted lines below are from the article itself.

Source: Marcus & Millichap

Read the full report at Marcus & Millichap. What the article says:

  • Deal
    Marcus & Millichap announced today the sale of Chipotle, a triple-net-leased restaurant property located at 4733 E. Germann Road in Gilbert, Arizona.
  • Deal / Price
    Marcus & Millichap Brokers $3.86M Sale of Triple-Net-Leased Chipotle in Gilbert, Arizona
  • Buyer
    “This transaction provided the buyer with an opportunity to complete a 1031 exchange and acquire a long-term, income-producing asset with no landlord responsibilities,” said Jason Fefer, senior director investments.
  • Seller
    The seller was a Phoenix-based development company.

Frequently asked questions

How much did the Gilbert Chipotle building sell for?
The reported price is $3.86M, per Marcus & Millichap.
When was this sale reported?
Reported Oct 27, 2026 by Marcus & Millichap.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.