x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Contact Us

x

Phone: 916-403-1812

Email: McKenney.Houck@cushwake.com

Or contact us using the form below.


Chipotle, Merced, CA

Chipotle, Merced, CA


Investment Summary

Price $3,615,000
Cap Rate 4.15%
NOI $150,000
Lease Term 15 years
Lease Type NNN lease with tenant responsible for all taxes, insurance, and maintenance
Rental Increases 10% rental increases every five (5) years in initial term and option periods
Year Built 2024
Building Size 2,325 SF
Lot Size 0.81 acres (35,284 SF)
Status Available
Lead Brokers Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

15-YEAR NNN LEASE TO CHIPOTLE
» New 15-year NNN lease with 10% rental increases every five (5) years in initial term and option periods
» Strong corporate guarantee from an investment-grade national tenant (NYSE: “CMG”)
» Chipotle is the only restaurant company of its size that owns and operates all its restaurants
» Chipotle is ranked on the Fortune 500 and is recognized on the 2023 list for Fortune’s Most Admired Companies
» New high-quality 2024 construction featuring a dedicated Chipotlane drive-thru
» Site features a street-level monument sign and 83’-tall freeway pylon

HIGH-TRAFFIC LOCATION IN NEW RETAIL CORRIDOR
» Located within Merced Gateway Retail Center, a new 77-acre mixed-use commercial development anchored by Tractor Supply Co. and adjacent to a new ARCO, McDonald’s, and Starbucks along with approximately 200 apartment units
» Merced Gateway Retail Center is expected to create approximately 2,700 new jobs and generate $30 million a year in sales tax revenue
» High-visibility location at the four-way intersection of South Coffee Street and Campus Parkway with immediate access to State Route 99/Golden State Highway (42,500 AADT)
» Located on Campus Parkway, providing direct access to UC Merced and State Route 140, Yosemite’s all-weather route from State Route 99

STRONG CUSTOMER BASE NEAR UC MERCED POISED FOR FUTURE GROWTH
» Six miles from UC Merced (9,000+ students, 1,500 employees)
» UC Merced’s massive $1.3 billion expansion initiative is expected to bring an additional 3,500 college students to Merced
» Within walking distance of Golden Valley High School (1,716 students)
» Population of 85,126 within a five-mile radius
» Poised to benefit from growing and expanding retail trade area
» Merced’s population has grown faster than the state average since 1980

Property Description

» This Chipotle features a 15-year NNN lease with 10% rental increases every five (5) years in initial term and option periods
» The site is strategically located within Merced Gateway Retail Center, a new 77-acre mixed-use commercial development anchored by Tractor Supply Co. and adjacent to a new ARCO, McDonald’s, and Starbucks along with approximately 200 apartment units
» The property resides on Campus Parkway, providing direct access to UC Merced and State Route 140, Yosemite’s all-weather route from State Route 99
» Merced Gateway Retail Center is expected to create approximately 2,700 new jobs and generate $30 million a year in sales tax revenue
» The site is features a high-visibility location at the four-way intersection of South Coffee Street and Campus Parkway with immediate access to State Route 99/Golden State Highway (42,500 AADT)
» The property is within walking distance of Golden Valley High School (1,716 students)

Download OM Form

x
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link