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33924667
33924665

46690 Mission Blvd, Fremont, CA 94539-7063

MB
CA 01977909
Newmark | Orange County - Irvine
SK
CA 02002301
Newmark | Orange County - Irvine
Newmark | Orange County - Irvine
Listed by Newmark | Orange County - Irvine
$5,053,000
7 days on market
Updated 7 days ago

Chipotle (NYSE: CMG) | San Francisco MSA

Details
Property Type Retail
Sub Type Restaurant, QSR/Fast Food
Square Footage 2,027
Net Rentable (SqFt) 2,027
Cap Rate 4.75%
NOI $240,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chipotle
Lease Type Absolute NNN
Lease Term 15
Rent Bumps Yes
Lease Options 4 (5-Year)
Class A
Year Built 2026
Acreage 0.740
Investment Type Net Lease
Lease Commencement 10/01/2026
Ground Lease Yes
Sale Condition For sale by owner

Retail | 4.75% CAP | 2,027 SqFt

Investment highlights

High Traffic Location (71,400 VPD)

  • The property is located directly on CA- 262 which sees over 71,000 vehicles per day
  • Outparcel to the Safeway-anchored Fremont Town Center
  • 0.5 mi to Interstate 680 (141,776 VPD)
  • 0.5 mi to Interstate 880 (225,904 VPD)

Established Affluent East Bay Suburb | 0.5 mi from Tesla’s Fremont Factory

  • 63,185 people with an average household income of $200,525 live within a 3 mile radius
  • Tesla’s Fremont factory employs over 25,000 people and produces nearly 560,000 cars per year

Strong Retail Corridor | Proximity to the BART Warm Springs / South Fremont Stop & New Developments

  • Established retail corridor with Warm Springs Plaza, & Mission Square also on Mission Blvd
  • Over 180,000 people ride BART daily / BART Warm Springs stop is 1 mi away
  • Massive transit-oriented development underway including 1,000+ new multifamily units, townhomes, and mixed-use spaces 1 mi away

#1 Largest Fast-Casual Chain | $11.9 Billion in Revenue | Chipotle (NYSE: CMG)

  • Chipotle (NYSE: CMG) is the largest fast-casual chain in the U.S. The company operates 4,000+ stores nationwide and generated $11.9 Billion in annual revenue
  • Founded in 1993, Chipotle has a 30+ year operational history and redefined fast-casual Mexican-inspired cuisine

New Chipotlane Drive-Thru Prototype | 2026 Conversion Store

  • Chipotlane is Chipotle’s proprietary mobile-order pickup lane in lieu of a traditional staffed drive-thru
  • 2026 conversion store | former Taco Bell

Corporate Lease | New 15-Year Lease | Fixed 10% Rental Increases every 5 Years | Absolute NNN Ground Lease

  • Corporate lease with Chipotle Mexican Grill, Inc.
  • New 15-year lease set to commence October 2026
  • The lease calls for 10% rental increases every 5 years in the base and renewal terms
  • The lease is a true absolute NNN ground lease with zero landlord repair and maintenance responsibilities

Listing Contacts

MB
CA 01977909
Newmark | Orange County - Irvine
SK
CA 02002301
Newmark | Orange County - Irvine
Newmark | Orange County - Irvine
Listed by Newmark | Orange County - Irvine

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Loan Amount
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$240,000.00
$20,000.00/mo

Valuation Metrics

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DSCR
4.75%
Cap Rate
4.75%
ROI

Map

Zoning

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P-88-2 PlannedPlanned District 88 2
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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