895 L St - Fast Food FOR SALE


Crescent City, CA 95531
$4,444,000 USD
510-289-1166
895 L St, Crescent City, CA for Sale
$4,444,000 USD
Fast Food - FOR SALE
1/4
null | 4.5% Cap Rate

895 L St
Crescent City, CA 95531


HIGHLIGHTS

  • New 10-Year Corporate Net Lease to Chipotle (NYSE: CMG) with Chipotlane Drive-Thru
  • 10% Rental Increases Every 5 Years
  • Crescent City's First Chipotle Location with Limited Competition
  • Signalized, Hard Corner Location Along US-101 with Multiple Access Points
  • In Close Proximity to Multiple Schools, Providing a Built-In Consumer Base
  • Just Down the Street from Major Retailers Safeway, Home Depot, Tractor Supply, and Crescent City Cinemas

OVERVIEW

New 10-year corporate net lease to Chipotle (NYSE: CMG) with a Chipotlane drive-thru situated along US-101 in Northern California. The subject property is ideally located at a signalized, hard corner along the highly trafficked U.S. Highway 101. It enjoys convenient access from both M and L Streets, with a combined traffic count of 21,300 ADT. This new Chipotle location sits within a tourist hub and is additionally supported by approximately 23,000 residents within a 10-mile radius with an average household income of nearly $90,000. The site lies along Crescent City’s primary retail corridor near downtown, with nearby traffic drivers including Safeway, Grocery Outlet, Tractor Supply, Crescent City Cinemas, Dollar Tree, Home Depot, and numerous hotels. Additional surrounding retailers include Dutch Bros, Burger King, McDonald’s, Starbucks, CVS, Denny’s, AutoZone, and more. Just across U.S. Highway 101, the Del Norte County Fairgrounds hosts year-round community events and attractions. Walmart Supercenter and Sutter Coast Hospital (Sutter Health) are within one and a half miles of the site. There is a significant student population in close proximity, including College of the Redwoods (1,200 students) and Del Norte High School (1,000 students). Crescent Elk Middle School and Joe Hamilton Elementary are within walking distance, adding to a built-in consumer base of students and families.

FOR SALE DETAILS

PRICE

$4,444,000 USD

PRICE/SF

$1,911 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

-

APN/PARCEL ID

118-250-013-000

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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