1701 SW Court Ave - Bank FOR SALE


Pendleton, OR 97801
$3,158,000 USD
760-448-2449
1701 SW Court Ave, Pendleton, OR for Sale
$3,158,000 USD
Bank - FOR SALE
1/11
null | 4.75% Cap Rate

1701 SW Court Ave
Pendleton, OR 97801


HIGHLIGHTS

  • Chipotle Mexican Grill | Strong corporate-backed lease | $70 billion market cap | $11.9 billion total revenue (2025)
  • 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
  • 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

OVERVIEW

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. The property consists of an approximately 2,500 square foot freestanding restaurant situated on a 0.50-acre parcel. The building underwent a full conversion in 2025 and features modern architecture, a digital order “Chipotlane” drive-thru pickup lane, and a 350 square foot outdoor patio. The property benefits from strong retail fundamentals and a strategic location directly adjacent to the Pendleton Round-Up Rodeo Grounds, one of the most recognized rodeo venues in the United States drawing more than 50,000 visitors annually. The site is positioned within Pendleton’s primary retail corridor near national tenants including Walmart Supercenter, Safeway, Taco Bell, Dollar Tree, and Grocery Outlet, providing strong traffic drivers and consumer demand in the trade area. Pendleton serves as the county seat of Umatilla County and functions as the region’s commercial and tourism hub, supported by government services, healthcare, retail, and a strong tourism economy anchored by the nationally recognized Pendleton Round-Up event.

FOR SALE DETAILS

PRICE

$3,158,000 USD

PRICE/SF

$848 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle Mexican Grill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Fast Food, Freestanding, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C-1

APN/PARCEL ID

109495

ASK ABOUT THIS PROPERTY

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.