Listing Summary
Lee & Associates and Bang Realty are pleased to present the opportunity to acquire the fee simple interest in a newly converted Chipotle Mexican Grill located at 1701 SW Court Place in Pendleton, Oregon.
Full Description
Lee & Associates and Bang Realty are pleased to present a premier single-tenant net lease (STNL) investment opportunity: a newly converted Chipotle Mexican Grill in Pendleton, Oregon. Featuring the highly coveted "Chipotlane" drive-thru pickup, this 2025-renovated asset offers a secure, long-term income stream backed by one of the world's leading fast-casual brands.
Investment Highlights
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Brand New 15-Year Corporate Lease: Backed by Chipotle Mexican Grill, Inc. (NYSE: CMG), an investment-grade caliber tenant with over 4,000 locations and $11.9B+ in 2025 revenue.
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The "Chipotlane" Advantage: Features the high-growth digital order drive-thru pickup lane, a proven driver of higher unit-level sales and long-term tenant commitment.
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Recent 2025 Full Conversion: Complete building renovation including modern architecture, updated HVAC, and a new 350 SF outdoor patio, minimizing near-term capital expenditure.
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Attractive Rent Growth: The lease includes 10% rental increases every five years, providing a robust hedge against inflation for the next 14+ years.
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Passive Income Profile: Structured as a Double-Net (NN) lease with the tenant responsible for taxes, insurance, and common area maintenance (CAM).
Strategic Location & National Tourism Anchor
The property is positioned at the epicenter of Pendleton’s commercial and tourism activity:
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Adjacent to Pendleton Round-Up Grounds: Directly neighboring one of the most famous rodeo venues in the U.S., which draws over 50,000 annual visitors and fuels massive seasonal spikes in retail spending.
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Primary Retail Corridor: Situated near a high-volume Walmart Supercenter, Safeway, Dollar Tree, and Grocery Outlet, ensuring constant daily-needs traffic.
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Regional Commercial Hub: As the county seat of Umatilla County, Pendleton serves as a central hub for government, healthcare, and regional trade between Portland and Boise.
Ideal for 1031 Exchange Investors
For those searching for Chipotle for sale in Oregon, this asset represents a "trophy" net-lease acquisition. It combines a top-tier corporate guarantee with a strategic location next to a national tourism landmark, making it a low-risk, high-residual-value addition to any real estate portfolio.
Quick Glance
- Listing ID:
CL-Oregon-27479
- Status:
Active
- Year Build:
1980
- Building Size:
2,500 SqFt
- Lot Size:
0.50 Acre