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.
29499611
30888358

223 W Hanford Armona Rd, Lemoore, CA 93245

SC
CA 02114392
Hanley Investment Group
BA
CA 01318078, NV COOP.0000245-AUTH
Hanley Investment Group
Listed by Hanley Investment Group
$3,815,000
124 days on market
Updated 36 days ago

Chipotle | Lemoore, CA

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,325
Net Rentable (SqFt) 2,325
Cap Rate 4.85%
NOI $185,000
Tenancy Single
Brand/Tenant Chipotle
Lease Type NNN
Lease Term 15
Lease Expiration 02/28/2041
Remaining Term 14.8
Rent Bumps Yes
Lease Options Four 5-Year @ 10% Each Option
Price per SqFt $1,641
Broker Co-Op Yes
Year Built 2026
Buildings 1
Stories 1
Acreage 0.620
Lease Commencement 03/01/2026
Ground Lease No

New-Construction NNN 15-Year Lease | Pad to Dominant Save Mart Anchored Center

Marketing description

CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/Chipotle_Lemoore

Investment highlights

  • Single-Tenant Chipotle Drive-Thru:

    • New-construction absolute NNN 15-year lease

    • 10% increases every 5 years

    • Corporate-guaranteed lease (NYSE: CMG); over 3,400 stores in the U.S., Canada, France, Germany, and the United Kingdom

    • “Most Admired Companies” — Fortune (2024)

    • “Most Influential Companies” — TIME Magazine (2024)

    • #7 “Top 500 Chain Restaurant Report” — Restaurant Business (2025)

    • #7 “World’s Most Valuable Quick Service Restaurant Brand” — Statista (2020)

  • Pad to Dominant Save Mart-Anchored Regional Center (Top 4% in Chain Nationwide, Placer.ai):

    • Save Mart is ranked within the top 4% of locations within the chain nationwide, based on consumer traffic (Placer.ai)

    • New leases with Ross Dress for Less, Tractor Supply, and Five Below generating strong traffic at the property

    • Lemoore Plaza is a 177,000-SF regional center and is the dominant shopping center in the market, generating over 2.4 million annual visitors (Placer.ai)

  • Located in the Rapidly Growing Central Valley: Projected to add approximately 5 million residents by 2060, driven largely by people relocating from high-cost-of-living coastal areas

  • Positioned at the Signalized Intersection of W Hanford Armona Rd and N Lemoore Ave (37,000+ CPD) with Close Proximity to Highway 41

  • Affluent Demographics; $92,000 Average Household Income within a 5-Mile Radius

  • Home to Naval Air Station Lemoore: Employing 12,000+ active duty, civilian personnel, and contractors. Generates over $947 Million in economic benefit to Lemoore.

Listing Contacts

SC
CA 02114392
Hanley Investment Group
BA
CA 01318078, NV COOP.0000245-AUTH
Hanley Investment Group
Listed by Hanley Investment Group

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
$185,000.00
$15,416.67/mo

Valuation Metrics

0
DSCR
4.85%
Cap Rate
4.85%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*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