Chipotle - Wood Village, OR

CIRE Partners is pleased to exclusively present for sale a brand new construction single-tenant net leased investment opportunity located at 920 NE Wood Village Boulevard in Wood Village, Oregon, which is a city in Multnomah County and within the greater Portland MSA.​ The subject property, occupied by Chipotle, is comprised of an approximately 2,325 square foot quick-service restaurant building featuring their signature “Chipotlane” drive-thru, an indoor dining area, outdoor patio seating, and is situated on an approximately 1.41 acre parcel of land.​

This Chipotle property is store #36-4553 of approximately 3,400 in the entire Chipotle system.​ Chipotle operates under a 15 year corporate guaranteed lease, which includes fixed 7.5% rent increases every 5 years throughout the primary lease term and renewal option periods, providing for healthy yield growth and a hedge against inflation.​ The tenant has three (3) - five (5) year renewal options to extend the lease.​

The subject property is strategically located as an outparcel/pad site to the Wood Village Town Center, which is an approximately 139,831 square foot institutional quality, grocery shadow-anchored, multi-tenant retail property with a strong tenant mix.​ The subject property benefits from prominent visibility, excellent ingress and egress, strong traffic volumes, a local trade area that provides demand and synergy, and limited fast food/quick-service restaurant competition.​

The property is located in Multnomah County and approximately 15 miles east of Portland.​ Multnomah County is home to the Port of Portland and the most populous county in Oregon.​ Multnomah County boasts a diverse economy with strong sectors in technology, manufacturing, healthcare, and retail.​

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  Net Lease Provides a Passive Investment and Income

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    Tenant operates under a double net lease structure, insulating a buyer from potential increases in capital expenditures and operating expenses

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  Durable Cash Flow and Fixed Rent Increases

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    With approximately 14.5 years remaining on the lease, and fixed 7.5% rent increases every 5 years, this provides a future owner with additional cash flow and return on investment, along with a protection against inflation

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  Brand New Construction with Corporate Tenant

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    Built in 2023 as Chipotle’s newest prototype restaurant, featuring their signature “Chipotlane” drive-thru with outdoor patio seating, as well as a corporately guaranteed lease by Chipotle Mexican Grill Inc.

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  E-Commerce and Recession-Resistant Tenant

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    QSR properties are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties

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  Strategic Location

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    Strategically located as an outparcel/pad site to the Wood Village Town Center (± 139,831 SF), an institutional quality, grocery shadow-anchored, multi-tenant retail property with a strong tenant mix

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  Great Access and Visibility

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    The subject property benefits from prominent visibility, excellent ingress and egress, strong traffic volumes, a local trade area that provides demand and synergy, and limited fast food/quick-service restaurant competition