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Chipotle 895 L St 2,325 SF Retail Building Crescent City, CA 95531 $5,825,455 CAD ($2,505.57 CAD/SF) 4.75% Cap Rate

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INVESTMENT HIGHLIGHTS

New 10-Year Corporate Net Lease to Chipotle (NYSE: CMG) with Chipotlane Drive-Thru
Crescent City's First Chipotle Location with Limited Competition
In Close Proximity to Multiple Schools, Providing a Built-In Consumer Base

10% Rental Increases Every 5 Years
Signalized, Hard Corner Location Along US-101 with Multiple Access Points
Just Down the Street from Major Retailers Safeway, Home Depot, Tractor Supply, and Crescent City Cinemas

EXECUTIVE SUMMARY

New 10-year corporate net lease to Chipotle (NYSE: CMG) with a Chipotlane drive-thru situated along US-101 in Northern California. The subject property is ideally located at a signalized, hard corner along the highly trafficked U.S. Highway 101. It enjoys convenient access from both M and L Streets, with a combined traffic count of 21,300 ADT. This new Chipotle location sits within a tourist hub and is additionally supported by approximately 23,000 residents within a 10-mile radius with an average household income of nearly $90,000.
The site lies along Crescent City’s primary retail corridor near downtown, with nearby traffic drivers including Safeway, Grocery Outlet, Tractor Supply, Crescent City Cinemas, Dollar Tree, Home Depot, and numerous hotels. Additional surrounding retailers include Dutch Bros, Burger King, McDonald’s, Starbucks, CVS, Denny’s, AutoZone, and more. Just across U.S. Highway 101, the Del Norte County Fairgrounds hosts year-round community events and attractions. Walmart Supercenter and Sutter Coast Hospital (Sutter Health) are within one and a half miles of the site.
There is a significant student population in close proximity, including College of the Redwoods (1,200 students) and Del Norte High School (1,000 students). Crescent Elk Middle School and Joe Hamilton Elementary are within walking distance, adding to a built-in consumer base of students and families.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

2,325 SF

Building Class

Year Built

2024

Price

$5,825,455 CAD

Price Per SF

$2,505.57 CAD

Cap Rate

4.75%

NOI

$276,678 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.06

Lot Size

0.85 AC

Opportunity Zone

Yes

Parking

28 Spaces (12.04 Spaces per 1,000 SF Leased)

Accommodation and Food Services
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Chipotle was born of the radical belief that there is a connection between how food is raised and prepared, and how it tastes. Real is better. "Better for You, Better for People, Better for The Planet". It may be the hard way to do things, but it’s the right way. One of the first national restaurant brands to commit to goals on local and organic produce. First national restaurant brand to commit to using only responsibly raised meat with some of the highest animal welfare standards.