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2700 Baseline St
Cornelius, OR 97113
Chipotle | Rare West Coast Abs NNN Lease · Retail Property For Sale
Investment Highlights
- New 15-year absolute NNN lease to Chipotle, a globally recognized Mexican restaurant chain with over 3,800 stores worldwide.
- Tenant handles all taxes, insurance, and maintenance, including roof, structure, and parking lot, ideal for both out-of-area or local investors.
- In 2024, Chipotle achieved strong growth with total revenue rising 14.6% to $11.3 billion and comparable restaurant sales increasing 7.4%.
- 10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth
- Chipotle, a Fortune 500 company, was named among Fortune’s Most Admired Companies and Time Magazine’s Most Influential Companies in 2024.
- The company plans to open 315-345 new restaurants in 2025, with over 80% featuring “Chipotlane” drive-thrus.
Property Facts
Property Type
Building Size
2,325 SF
Building Class
B
Year Built
2025
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.35 AC
Zoning
C-2
Parking
27 Spaces (11.61 Spaces per 1,000 SF Leased)
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