Chipotle | Redmond, OR
Rare West Coast Abs NNN Lease | Very High Sales Location
Marketing description
New 15-year absolute NNN lease to Chipotle, a globally recognized Mexican restaurant chain with over 3,800 stores worldwide.
10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth.
Site is projected to do more than $3.6M in sales in its first year of operation, putting the store on pace to be a top performer nationally.
Tenant handles all taxes, insurance, and maintenance, including roof, structure, and parking lot, ideal for both out-of-area or local investors.
Chipotle is ranked on the Fortune 500 and is recognized on the 2024 list for Fortune’s Most Admired Companies and Time Magazine’s Most Influential Companies.
Chipotle experienced strong growth in 2024, including a 14.6% increase in total revenue to $11.3 billion and a 7.4% increase in comparable restaurant sales.
The company plans to open 315-345 new restaurants in 2025, with over 80% featuring “Chipotlane” drive-thrus.
Investment highlights
Prime Retail Location: Highly visible and easily accessible location at the signalized four-way intersection of Southwest Veterans Way and Southwest Canal Boulevard.
Chipotle Backing: Chipotle experienced strong growth in 2024, including a 14.6% increase in total revenue to $11.3 billion and a 7.4% increase in comparable restaurant sales.
Ideal Demographic Base: The five-mile radius serves a populous region of 45,011 (44% growth since 2010), with an average annual household income of $112,176.
U.S. Route 97: The site’s proximity just off U.S. Route 97 (35K+ AADT) allows the property to capture significant local and commuter traffic.
Downtown Portland: Gateway to Downtown Portland, where tourism and hospitality generate over $5.5 billion annually.
Growing Redmond Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Chipotle and Redmond for steady concurrent growth.
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