www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
26732022
26732023

895 L St, Crescent City, CA 95531

LS
CA CA 01443387
Fisher James Capital
VN
CA CA 01963342
Fisher James Capital
PD
CA 01750064
Fisher James Capital
Listed by Fisher James Capital
$4,000,000
278 days on market
Updated 2 days ago
Opportunity zone

Chipotle

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,325
Cap Rate 5%
NOI $200,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chipotle
Lease Type Net
Lease Term 10
Lease Expiration 10/31/2034
Remaining Term 8.4
Rent Bumps Yes
Lease Options four (4) five-year options
Broker Co-Op Yes
Year Built 2024
Buildings 1
Stories 1
Acreage 0.850
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/23/2024

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

Listing Contacts

LS
CA CA 01443387
Fisher James Capital
VN
CA CA 01963342
Fisher James Capital
PD
CA 01750064
Fisher James Capital
Listed by Fisher James Capital

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$200,000.00
$16,666.67/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Lindsey Snider
License
CA 01443387
Brokerage
Fisher James Capital
Name
Vahe Nokhoudian
License
CA 01963342
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591