Chipotle
New 10-Year Corporate Net Lease to Chipotle (NYSE: CMG) with Chipotlane Drive-Thru
Marketing description
New 10-year corporate net lease to Chipotle (NYSE: CMG) with a Chipotlane drive-thru situated along US-101 in Northern California. The subject property is ideally located at a signalized, hard corner along the highly trafficked U.S. Highway 101. It enjoys convenient access from both M and L Streets, with a combined traffic count of 21,300 ADT. This new Chipotle location sits within a tourist hub and is additionally supported by approximately 23,000 residents within a 10-mile radius with an average household income of nearly $90,000.
The site lies along Crescent City’s primary retail corridor near downtown, with nearby traffic drivers including Safeway, Grocery Outlet, Tractor Supply, Crescent City Cinemas, Dollar Tree, Home Depot, and numerous hotels. Additional surrounding retailers include Dutch Bros, Burger King, McDonald’s, Starbucks, CVS, Denny’s, AutoZone, and more. Just across U.S. Highway 101, the Del Norte County Fairgrounds hosts year-round community events and attractions. Walmart Supercenter and Sutter Coast Hospital (Sutter Health) are within one and a half miles of the site.
There is a significant student population in close proximity, including College of the Redwoods (1,200 students) and Del Norte High School (1,000 students). Crescent Elk Middle School and Joe Hamilton Elementary are within walking distance, adding to a built-in consumer base of students and families. Additionally, many of the city and county administrative buildings are located within walking distance, drawing traffic from Crescent City City Hall, Del Norte County Courthouse, Del Norte Sheriff’s Office, Del Norte County Library, and more.
Crescent City, the county seat of Del Norte County, is a small coastal town positioned along California’s North Coast and serves as the primary commercial and administrative hub for the region. The city combines small town character with essential infrastructure, becoming known as the gateway to California’s redwood coast. Crescent City benefits from its location along U.S. Highway 101, providing north-south access to Oregon and the broader California coastal market. Its role as the county’s only incorporated city reinforces its importance as the focal point for businesses, government, and services in Del Norte County.
Investment highlights
New 10-Year Corporate Net Lease to Chipotle (NYSE: CMG) with Chipotlane Drive-Thru
10% Rental Increases Every 5 Years
Crescent City's First Chipotle Location with Limited Competition
Signalized, Hard Corner Location Along US-101 with Multiple Access Points
In Close Proximity to Multiple Schools, Providing a Built-In Consumer Base
Just Down the Street from Major Retailers Safeway, Home Depot, Tractor Supply, and Crescent City Cinemas
Crescent City is Known as the Gateway to California’s Redwood Coast, with Many Tourist Attractions
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