Faris Lee Investments is pleased to offer for sale the fee simple interest (land & building) in a newly constructed Chipotle. The freestanding Chipotle, which opened in February 2024, is on a long-term 15- year absolute NNN lease. The investment includes scheduled rental increases throughout the lease term and option periods, providing a natural hedge against inflation and ensuring stable cable cash flow. Strategically positioned in a high-traffic retail corridor, this Chipotle location features the latest drive-thru “Chipotlane” prototype, designed to increase sales volume and efficiency. The property offers investors unparalleled advantages in a strong Central California market, a coveted pad location with excellent freeway visibility, and zero-deferred maintenance. Chipotle (NYSE: CMG), a leading quick-service restaurant chain with over 3,100 locations worldwide, is renowned for its fresh Mexican-inspired cuisine and commitment to using high-quality ingredients sourced from sustainable suppliers. Chipotle’s stock has increased over 340% in the last five (5) years. With annual revenue exceeding $11 billion and a current market cap of $60B+ (April 2025), Chipotle continues to provide reliability and prestige in the quick service restaurant segment. The property enjoys exceptional visibility and connectivity from the 99 Freeway (41,903 VPD), making it an attractive destination for consumers. Additionally, the property benefits from its location fronting Tractor Supply Co. and close proximity to top-performing retailers and restaurants including McDonald’s and Starbucks. Strong trade area demographics boast a population of over 85,000+ within a 5-mile radius and an average household income of $81,000+. Merced, California, located in the heart of the Central Valley, is a city experiencing dynamic growth, blending its established agricultural identity with the transformative influence of the University of California, Merced. The population of Merced has grown by approximately 32% since 2000. This newly constructed, freestanding Chipotle featuring the latest drive-thru “Chipotlane” prototype, presents investors with a compelling opportunity to acquire a high-quality asset in a prime location. Leased to a best-in-class, investment-grade tenant (S&P Rating: AA), the property is secured by a long-term absolute net lease. Strategically positioned within a high-traffic retail corridor, this investment offers stability, potential for growth, and attractive returns.