Chipotle Net Leased Investment with Mobile Pick-up Window

Chipotle – 1657 E Idaho Avenue, Ontario OR

This brand new Chipotle location is located on a Walmart Supercenter and Home Depot pad. With 23,170 cars per day on E Idaho Avenue, the site sees a great level of traffic between Oregon and Idaho as it’s just west of the state line. The rent commencement is estimated at August 2023 upon store opening. This location will feature outdoor patio seating and the “Chipotlane” pickup window for orders placed in the Chipotle mobile app.

Lease Term: 15-Year Initial Term
10% Increases Every 5 Years

Lease Options: Four, 5-Year Options

Sale Price: $3,647,000; 4.25% Cap Rate

For Additional Information:

Blake D. Federinko
360.823.5111
Blake@MAJCRE.com

Kristin M. Ashenfelter
360.823.5118
Kristin@MAJCRE.com