Multi Tenant    

Chipotle Retail Center

 Gresham, OR

Asking Price

$3,370,000

Cap Rate

6.00%

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Year Built

1990

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Land Area

35,848 SF

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Avg HHI

$95,313

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AVG Current Rents

$33.50/SF NNN

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Strong Tenant

NYSE: CMG

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • 100% leased to a strong mix of national and local tenants including Chipotle, a publicly traded company (NYSE: CMG) with nearly 3,000 locations in the United States.
  • Outparcel to the Oregon Trail Center, a 200k SF center anchored by multiple national brands including Marshalls, Big Lots, Big 5, Michaels, and Office Depot (who recently renewed for 5 years).
  • Chipotle recently exercised its option to extend their lease through 2028, providing additional stability to the center. AT&T just executed a three year renewal, extending their term into 2026.
  • Located with frontage on a highly trafficked, daily-needs retail corridor exposed to traffic counts of 32,684 VPD.
  • 60% of the GLA has been occupied by the same tenants for over 10 years.
  • The Oregon Trail Center is under brand new ownership with significant improvements planned for the greater center.
  • Chipotle and Gen Sushi are required to provide an annual statement of gross sales - please contact Northmarq for more information.

Exclusively Listed By

Kevin Adatto

Managing Director
  kadatto@northmarq.com      503.675.7726
OR Lic. #200003168

Northmarq

4260 Galewood St. Suite A
Lake Oswego, OR 97035


northmarq.com