3120 Campus Pky | Merced, CA 95341
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- LoopNet Team
3120 Campus Pky
Merced, CA 95341
New Chipotle w/ 15-Yr Abs NNN/Rent Increases · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- CHIPOTLE (NYSE: CMG) IS AN INVESTMENT-GRADE TENANT WITH A $66B+ MARKET CAP, $11.3B+ IN 2024 REVENUE, AND 3,700+ GLOBAL LOCATIONS.
- 10% RENT INCREASES EVERY 5 YEARS BOOST NOI, CASH FLOW, AND PROVIDE AN INFLATION HEDGE WITH VALUE APPRECIATION POTENTIAL.
- SINGLE-TENANT ABSOLUTE NNN LEASE OFFERS HASSLE-FREE MANAGEMENT WITH TENANT COVERING ALL EXPENSES—IDEAL FOR PASSIVE INVESTORS OR 1031 EXCHANGE.
- NEW 15-YEAR LEASE WITH 4–5 YEAR OPTIONS OFFERS LONG-TERM STABILITY, LAND & BUILDING OWNERSHIP, AND TAX BENEFITS THROUGH DEPRECIATION.
- ABSOLUTE NNN LEASE WITH ZERO LANDLORD RESPONSIBILITIES—CHIPOTLE HANDLES ALL BUILDING EXPENSES, REPAIRS, AND MAINTENANCE.
- NEW 2024 CHIPOTLANE DRIVE-THRU CONSTRUCTION ON A HIGH-VISIBILITY RETAIL PAD ALONG CALIFORNIA 99 FREEWAY, BOOSTING SALES AND REAL ESTATE VALUE.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,325 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.81 AC
PROPERTY TAXES
| Parcel Number | 061-670-002 | Improvements Assessment | $2,244,000 |
| Land Assessment | $47,080 | Total Assessment | $2,291,080 |
PROPERTY TAXES
Parcel Number
061-670-002
Land Assessment
$47,080
Improvements Assessment
$2,244,000
Total Assessment
$2,291,080
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