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31392574
31392582

503 Woollomes Ave, Delano, CA 93215

JW
CA 00875427
Centennial Advisers
Centennial Advisers Tustin
Listed by Centennial Advisers, Centennial Advisers Tustin
$2,598,029
71 days on market
Updated 71 days ago

Chipotle 11+ Years Lease | NNN Lease | Only Chipotle in 30Mi

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,345
Units 1
Cap Rate 5.1%
NOI $132,500
Occupancy 100%
Tenancy Single
Brand/Tenant Chipotle
Lease Type NNN
Lease Term 15
Remaining Term 11
Price per SqFt $1,108
Year Built 2022
Buildings 1
Stories 1
Acreage 0.690
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Retail | 5.10% CAP | 2,345 SqFt

Marketing description

This property is located in Delano, California, a premier net-leased investment positioned within the city’s most active commercial corridor at the interchange of State Highway 99. This highly visible signalized intersection benefits from exceptional accessibility and exposure, with traffic counts reaching approximately 68,000 vehicles per day along Highway 99 at the Woollomes Avenue exit. The property is ideally situated adjacent to brand new national retailers including ARCO am/pm and In-N-Out Burger, and surrounded by major anchors such as Walmart and Home Depot, placing the site within Delano’s primary retail corridor that serves a regional trade area of more than 100,000 people. As the second-largest city in Kern County with strong population growth, Delano continues to attract national retailers seeking access to the Central Valley consumer base. Notably, this location is the only Chipotle within a 30-mile radius, further strengthening its regional draw.

The property consists of a 2,345 SF freestanding retail building constructed in 2022 and built to Chipotle Mexican Grill’s newest prototype specifications. The single-story structure features a dedicated Chipotlane drive-thru and an efficient floor plan designed to support high-volume quick-service restaurant operations. The investment is secured by a 11-year and 10 months NNN as of April 2026 (LL responsible for Roof & Strucutre) corporate lease guaranteed by Chipotle Mexican Grill (NYSE: CMG), one of the most recognized fast-casual restaurant brands in the world with more than 2,925 locations across the United States, Canada, France, Germany, and the United Kingdom.

Investment highlights

  • 11+ Years Remaining on Initial Lease Term
  • Retail Corridor National Credit Tenants
  • High Growth Demographics

Listing Contacts

JW
CA 00875427
Centennial Advisers
Centennial Advisers Tustin
Listed by Centennial Advisers, Centennial Advisers Tustin

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$132,500.00
$11,041.67/mo

Valuation Metrics

0
DSCR
5.1%
Cap Rate
5.1%
ROI

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