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.