6435 Morro Rd - Fast Food FOR SALE


Atascadero, CA 93422- Atascadero/Templeton
$3,928,000 USD
415-413-3005
6435 Morro Rd, Atascadero, CA for Sale
$3,928,000 USD
Fast Food - FOR SALE
1/6
null | 4.15% Cap Rate

6435 Morro Rd
Atascadero, CA 93422
Atascadero/Templeton


HIGHLIGHTS

  • Limited drive-thru’s with only 16 allowed in all of Atascadero, proving excellent intrinsic real estate value
  • New 15-year net lease to a major national QSR tenant
  • 10% rental increases every five (5) years in initial term and option periods, providing a passive long-term income generator
  • 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 2024 list for Fortune’s Most Admired Companies

OVERVIEW

This Chipotle has a high-visibility and easily accessible location along E.G. Lewis Highway (59,000 AADT). The property is a trophy location with visibility from U.S. Highway 101, allowing the site to capture significant commuter traffic (66,700 AADT. Ideally set in a large retail corridor, the property is surrounded by notable tenants such as Vons, McDonald’s, In-n-Out Burger, Carl’s Jr., Starbucks, Mr. Pickle’s, Dollar Tree, Round Table Pizza, Jamba, and many more, creating significant crossover shopping. The site greatly benefits from its proximity to highly attended area schools, including Atascadero High School, Atascadero Middle School, and Santa Rosa Academic Academy (combined 2,740 students). 34,193 residents live within a five-mile radius of the site with an excellent annual household income of $135,841, providing an extremely large and reliable customer base. Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise Chipotle and Atascadero for steady concurrent growth.

FOR SALE DETAILS

PRICE

$3,928,000 USD

PRICE/SF

$2,025 USD /SF

CAP RATE

4.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,248 SF

ZONING

-

APN/PARCEL ID

030-212-028

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.