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Investment Highlights

  • Secure tenancy with over 11-years remaining on initial lease term
  • Kern County is the 11th largest county in CA with exposure to approx., 928,000 residents
  • Prime retail corridor serving a regional trade area of over 100,000 people, the property sits adjacent to new ARCO, AMPM, and In-N-Out Burger
  • The area's exclusive Chipotle within a 30-mile radius

Executive Summary

This property is located in Delano, California, a premier net-leased investment positioned within the city’s most active commercial corridor at the interchange of State Highway
99. This highly visible signalized intersection bene{ts from exceptional accessibility and exposure, with traffic counts reaching approximately 68,000 vehicles per day along Highway 99 at the Woollomes Avenue exit. The property is ideally situated adjacent to brand new national retailers including ARCO am/pm and In-N-Out Burger, and surrounded by major anchors such as Walmart and Home Depot, placing the site within Delano’s primary retail corridor that serves a regional trade area of more than 100,000 people. As the second-largest city in Kern County with strong population growth, Delano continues to attract national retailers seeking access to the Central Valley consumer base. Notably, this location is the only Chipotle within a 30-mile radius, further strengthening its regional draw.
The property consists of a 2,345 SF freestanding retail building constructed in 2022 and built to Chipotle Mexican Grill’s newest prototype speci{cations. The single-story
structure features a dedicated Chipotlane drive-thru and an efficient floor plan designed to support high-volume quick-service restaurant operations. The investment is secured by a 11-year and 10 months NNN as of April 2026 (LL responsible for Roof & Strucutre) corporate lease guaranteed by Chipotle Mexican Grill (NYSE: CMG), one of the most recognized fast-casual restaurant brands in the world with more than 2,925 locations across the United States, Canada, France, Germany, and the United Kingdom.

Attachments

CHIPOTLE CA

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,345 SF
Building Class
B
Year Built
2022
Price
$3,574,420 CAD
Price Per SF
$1,524.27 CAD
Cap Rate
5.10%
NOI
$182,295 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.69 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial
Parking
27 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
167’ on Woollomes Avenue
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100

Nearby Major Retailers

Starbucks
Tri Counties Bank
Ono Hawaiian BBQ
IHOP

Property Taxes

Property Taxes

Parcel Number
521-020-16-00-1
Land Assessment
$5,461,714 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,461,714 CAD
  • Listing ID: 39891478

  • Date on Market: 2026-03-24

  • Last Updated:

  • Address: 503 Woollomes Ave, Delano, CA 93215

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