Chipotle

Crescent City

Call for Details

4.50

CAP Rate

High Quality 2024 Construction

with Multiple Access Points (21,300 Combined ADT)

Including College of the Redwoods (1,200 Students)

Property details

New 10-Year Corporate Net Lease to Chipotle (NYSE: CMG) with Chipotlane Drive-Thru
- 10% Rental Increases Every 5 Years Throughout Initial Term and Options, Providing a Hedge Against Inflation
Crescent City's First Chipotle Location with Limited Competition
- Only Chipotle within 80 Miles
Signalized, Hard Corner Location Along US-101 with Multiple Access Points
- 21,300 Combined ADT
In Close Proximity to Multiple Schools, Providing a Built-In Customer Base
- Less than Two Miles from College of the Redwoods (1,200 Students) & Del Norte High School (1,000 Students)
- Within Walking Distance of Crescent Elk Middle School &Joe Hamilton Elementary, Totaling ~800 Students
Just Down the Street from Major Retailers Safeway, Home Depot, Tractor Supply, and Crescent City Cinemas, Driving Significant Traffic
- Additional Neighboring Tenants include Grocery Outlet, Dollar Tree, Dutch Bros, Burger King, McDonald's, Starbucks, and Multiple Hotels
Across US-101 from Del Norte County Fairgrounds, with Year Round Events
- Other Nearby Tourist Destinations include The Redwoods (1M+ Visitors Annually), Ocean World, Crescent City Harbor District, Tolowa Dunes State Park, and Battery Point Lighthouse & Beach
1.5 Miles from Walmart Supercenter & Sutter Coast Hospital (Sutter Health)
Less than 3 Miles from Del Norte County Regional Airport
Crescent City Harbor is One of the Most Significant Harbors Between San Francisco and Portland

Listing leads

Putnam Daily

Managing Partner

CA RE Lic #01750064

Lindsey Snider

Senior Partner