Chipotle | 3120 Campus Dr
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Chipotle 3120 Campus Dr
2,325 SF Retail Building Merced, CA 95341 $3,615,000 ($1,555/SF) 4.15% Cap Rate
Investment Highlights
- New 15-year NNN lease with 10% rental increases every five (5) years in initial term and option periods
- Chipotle is the only restaurant company of its size that owns and operates all its restaurants
- New high-quality 2024 construction featuring a dedicated Chipotlane drive-thru
- Strong corporate guarantee from an investment-grade national tenant (NYSE: “CMG”)
- Chipotle is ranked on the Fortune 500 and is recognized on the 2023 list for Fortune’s Most Admired Companies
- Site features a street-level monument sign and 83’-tall freeway pylon
Executive Summary
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).
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).
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
2,325 SF
Building Class
B
Year Built
2024
Price
$3,615,000
Price Per SF
$1,555
Cap Rate
4.15%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.81 AC
PROPERTY TAXES
| Parcel Number | 061-670-002 | Improvements Assessment | $450,000 |
| Land Assessment | $46,157 | Total Assessment | $496,157 |
PROPERTY TAXES
Parcel Number
061-670-002
Land Assessment
$46,157
Improvements Assessment
$450,000
Total Assessment
$496,157
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Chipotle | 3120 Campus Dr
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