1657 E Idaho Ave - Fast Food FOR SALE


Ontario, OR 97914
$2,897,000 USD
360-803-3886
1657 E Idaho Ave, Ontario, OR for Sale
$2,897,000 USD
Fast Food - FOR SALE
1/10
null | 5.35% Cap Rate

1657 E Idaho Ave
Ontario, OR 97914


HIGHLIGHTS

  • Newly constructed building
  • NNN Investment leased with 15 year initial term
  • Property features Chipotle's mobile pick up window "Chipotlane"
  • Fee simple ownership

OVERVIEW

MAJ Commercial Real Estate is pleased to present the opportunity to acquire a Single Tenant Net Leased Investment located in Ontario, OR. The property is leased to Chipotle on a brand new 15-Year term with a commencement date of September 2023. This location consists of a Chipotle’s pickup window “Chipotlane” for customers with meals preordered in the Chipotle mobile-app. Positioned on a Home Depot pad along Highway 30, the location boasts approximately 23,600 vehicles per day and is just about 0.25 miles from Interstate 84. Some of the surrounding businesses include Walmart, Verizon, Carl’s Jr., Quality Inn & Suites, Best Western, Red Lion Hotels and more.

FOR SALE DETAILS

PRICE

$2,897,000 USD

PRICE/SF

$1,354 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

O-C2H

APN/PARCEL ID

18531

ASK ABOUT THIS PROPERTY

Blake FederinkoMAJ Commercial Real EstateMore Info
360-803-3886

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Blake FederinkoMAJ Commercial Real EstateMore Info
360-803-3886

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.