1961 14th Ave SE - Retail FOR SALE


Albany, OR 97322
$2,927,000 USD
650-678-7200
1961 14th Ave SE, Albany, OR for Sale
$2,927,000 USD
Retail - FOR SALE
1/6
null | 4.75% Cap Rate

1961 14th Ave SE
Albany, OR 97322


HIGHLIGHTS

  • 10+ years remaining on corporate lease featuring 10% rental increases every 5 years
  • Pad to Target-anchored mall – Heritage Mall, top 8% of shopping centers in Oregon in terms of annual foot traffic per Placer.ai
  • Ideal positioning at main ingress/egress point
  • 20-year roof materials warranty in place (~15 years remaining)
  • Chipotle's 2024 revenues totaled $11.3 billion, a 14.6% increase over the previous year
  • Ranked on the Fortune 500 and recognized on the 2024 list of Fortune’s Most Admired Companies

OVERVIEW

10+ years remaining on corporate Chipotle lease featuring 10% rental increases every 5 years throughout the base term and options. The subject property is located at Heritage Mall – a 350,000+ SF mall that ranks in the top 8% of shopping centers in Oregon in terms of annual visits.

FOR SALE DETAILS

PRICE

$2,927,000 USD

PRICE/SF

$1,259 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

C

APN/PARCEL ID

0946985

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

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John AndreiniCP Partners CREMore Info
650-678-7200

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