12035 NE Halsey St - Fast Food FOR SALE


Portland, OR 97220
$3,463,158 USD
818-907-4696
12035 NE Halsey St, Portland, OR for Sale
$3,463,158 USD
Fast Food - FOR SALE
1/9
null | 4.75% Cap Rate

12035 NE Halsey St
Portland, OR 97220


HIGHLIGHTS

  • Strong Corporate Guarantee from a Credit Rated Tenant | Absolute NNN Lease
  • Brand New Lease | 15 Years Remaining on the Lease
  • Rental Increases | 10% Rental Increases Every 5 Years providing a strong hedge against inflation
  • 2024 Construction | Brand new build-to-suit for Chipotle with store opening August 8, 2024
  • Commuter Route Frontage | Property boasts frontage on NE Halsey St and just off NE 122nd Ave which see 50,000+ VPD
  • Ease of Circulation | Chipotle benefits from being situated on a .58 AC lot with ample parking and a drive-thru “Chipotlane”

OVERVIEW

CBRE is pleased to present a brand new Chipotle for sale at 12035 NE Halsey St. in Portland, OR. This property includes a +/- 2,300 SF single tenant drive-thru building on a .58 acre street frontage parcel. Chipotle is currently operating on a 15-year lease with contractual increases of 10% every 5 years providing a strong hedge against inflation. The lease features a corporate guaranty from Chipotle Mexican Grill, Inc. minimizing any short-term investment risk. The property offers a rare opportunity to acquire an industry leading tenant on an Absolute NNN long-term lease with zero landlord responsibilities. The Asset is located just 8 miles east of downtown Portland and benefits from being situated on the busy commuter road, NE Halsey St and just off NE 122nd Ave, which see a combined 50,000+ vehicles per day. The site just opened on August 8, 2024 and is equipped with ample parking and a Chipotlane. The property is surrounded by national tenants including WinCo Foods, Starbucks, Wells Fargo, Planet Fitness, Public Storage and many more.

FOR SALE DETAILS

PRICE

$3,463,158 USD

PRICE/SF

$1,458 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

C2

APN/PARCEL ID

R178014

ASK ABOUT THIS PROPERTY

818-907-4696

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818-907-4696

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