Listed by Newmark | Orange County - Irvine
$5,053,000
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
Listed by Newmark | Orange County - Irvine
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$240,000.00
$20,000.00/mo
Valuation Metrics
0
DSCR
4.75%
Cap Rate
4.75%
ROI
Map
Zoning
P-88-2 PlannedPlanned District 88 2
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View all 1 uses
View all 1 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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