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1657 E Idaho Ave
Chipotle Net Leased Investment I 5.25% Cap Rate
Listing Contacts
See All (3)
License: WA 115187
Active
Asking Price: $2,897,000
Address
1657 E Idaho Ave, Ontario, OR 97914
Show on MapDate Added
Jun 6, 2023
Days on Market
648 days
Time Since Last Update
9 hours
Details
Property TypeRetail
SubtypeQSR/Fast Food, Commercial
Investment TypeNet Lease
Lease TypeNNN
Square Footage2,140
Cap Rate5.35%
NOI$155,000
Year Built1994
Lot Size (acres)0.65
Marketing Description
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.
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$155,000.00
$12,916.67/mo
Valuation Metrics
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0
DSCR
5.35%
Cap Rate
5.35%
ROI
Property History
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Due Diligence
Listing Contacts
See All (3)- License: WA 115187
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