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Published on: Tuesday, March 17, 2026

Updated on: Tuesday, March 17, 2026

About the Lister

Name: Ryan Bennett

Company: NNN Investment Group

Office Phone: 760-448-2449

Cell Phone: 760-519-0240

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Chipotle | 2025 Building Conversion

1701 SW Court Place Pendleton Oregon , 97801

NNN Investment Group
Listing ID: CL-Oregon-27479 Restaurant /Retail

Purchase Option

Asking Price: $3,158,000.00

Acquisition Option: Traditional Purchase

Cap Rate (%): 4.75

Net Operating Income: $150,000.00

Quick Glance

Listing ID: CL-Oregon-27479

Status: Accepting Offers

Financing: Third Party Financing

Occupancy: N/A

Year Build: 1980

Building Size: 2,500.00 SqFt

Lot Size: 0.50 Acre

No of Stories: 1

No of Parking: N/A

Offer to Millionaire Club: No

Business Available for Sale: No

Is Net Lease Investment: Yes

Property On Ground Lease: No

Building Status: Existing

Listing Summary

Lee & Associates and Bang Realty are pleased to present the opportunity to acquire the fee simple interest in a newly converted Chipotle Mexican Grill located at 1701 SW Court Place in Pendleton, Oregon.

Complete Details

Year Build: 1980

Building Size: 2,500 SqFt.

No of Stories: 1

Total Lot Area: 0.5 Acre

No of Parking: N/A

No of Total Units: 1

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Heating and Cooling

Building Class: A

Property on Ground Lease?: No

Net Lease Investment?: Yes

Business Price Included?: No

Roofing: Not Specified

Occupancy: 0%

Full Description

High-Yield Net-Lease Opportunity: Corporate Chipotle with "Chipotlane" | Pendleton, OR

Lee & Associates and Bang Realty are proud to offer a premier fee-simple interest in a newly converted Chipotle Mexican Grill. Located at 1701 SW Court Place, this ±2,500 SF freestanding asset features the brand’s latest 2025 modern architecture, including an outdoor patio and the highly successful "Chipotlane" digital drive-thru.

The property is secured by a fresh 15-year corporate lease (approx. 14 years remaining) with Chipotle Mexican Grill, Inc. (NYSE: CMG). This double-net (NN) structure offers a passive investment profile, featuring 10% rental increases every five years to hedge against inflation. With over 4,000 locations and $11B in annual revenue, Chipotle represents one of the most stable and sought-after tenants in the fast-casual sector.

Additional Properties

Property Highlights

Chipotle Mexican Grill | Strong corporate-backed lease | $70 billion market cap | $11.9 billion total revenue (2025) | Ranked #372 on the Forbes Fortune 500 list
2025 building conversion| Attractive modern building architecture and design | Spacious outdoor patio | Digital order “Chipotlane” drive-thru pickup
New 15-year passive double-net (NN) lease | Virtually no landlord responsibilities | 10% rent increases every 5 years | 20- year transferable roof warranty
Real estate advantage | Adjacent to the famous Pendleton Round-Up Rodeo Grounds – Draws over 50,000 attendees annually
Limited national QSR competition | Supply-constrained market | Fills gaps in local dining landscape

Features

Lease Type: Double-Net (NN)
15-Year Corporate Lease
Remaining Term: 14+ Years
Year Built: 1980/2025 Full Remodel

Additional Links

Contacts

No Additional Contacts.

Actual - Cash Flow

Cash Flow Year	Gross Income	Effective GrossIncome	Operating Expenses	Net Operating Income	Pre Tax Cash Flow	Cap Rate
2026	$0.00	$0.00	$0.00	$150,000.00	$0.00	0%
Cash Flow for Current Listings

Listing Location

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