3120 Campus Dr - Retail FOR SALE


Merced, CA 95341
$3,615,000 USD
415-413-3005
3120 Campus Dr, Merced, CA for Sale
$3,615,000 USD
Retail - FOR SALE
1/5
null | 4.15% Cap Rate

3120 Campus Dr
Merced, CA 95341


HIGHLIGHTS

  • New 15-year NNN lease with 10% rental increases every five (5) years in initial term and option periods
  • Strong corporate guarantee from an investment-grade national tenant (NYSE: “CMG”)
  • Chipotle is the only restaurant company of its size that owns and operates all its restaurants
  • Chipotle is ranked on the Fortune 500 and is recognized on the 2023 list for Fortune’s Most Admired Companies
  • New high-quality 2024 construction featuring a dedicated Chipotlane drive-thru
  • Site features a street-level monument sign and 83’-tall freeway pylon

OVERVIEW

This Chipotle features a 15-year NNN lease with 10% rental increases every five (5) years in initial term and option periods. The site is strategically located within Merced Gateway Retail Center, a new 77- acre mixed-use commercial development anchored by Tractor Supply Co. and adjacent to a new ARCO, McDonald’s, and Starbucks along with approximately 200 apartment units. The property resides on Campus Parkway, providing direct access to UC Merced and State Route 140, Yosemite’s all-weather route from State Route 99. Merced Gateway Retail Center is expected to create approximately 2,700 new jobs and generate $30 million a year in sales tax revenue. The site is featuring a high-visibility location at the four-way intersection of South Coffee Street and Campus Parkway with immediate access to State Route 99/Golden State Highway (42,500 AADT). The property is within walking distance of Golden Valley High School (1,716 students).

FOR SALE DETAILS

PRICE

$3,615,000 USD

PRICE/SF

$1,555 USD /SF

CAP RATE

4.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

-

APN/PARCEL ID

061-670-002

ASK ABOUT THIS PROPERTY

Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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