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#1 Chipotle in California | Mall Outparcel 4940 Pacific Ave 2,553 SF Retail Building Stockton, CA 95207 $2,204,000 ($863.30/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- #1 Chipotle Location of 420 in CA per Placer.ai | Rare Corporate Chipotle Ground Lease
- 10% Rent Increase in 2027 and 15% Increases in the Option Periods
- High Traffic Volume Location | Over 73,200 ADT at Pacific Avenue and March Lane
- Located at the Main Entrance of Weberstown Mall ($600 PSF Sales) the Only Enclosed Mall in Stockton and the Retail Epicenter for the Market
- Immediately Across from San Joaquin Delta College with over 18,000 Students Boosting the Daytime Population and Chipotle’s Targeted Customer
- Chipotle has Zero Corporate Debt and $11.3 Billion Dollars in Revenue (2024) with Multiple Years of Explosive Sales Growth and Aggressive Expansion
EXECUTIVE SUMMARY
Commercial Retail Associates, Inc. is pleased to have been selected as the exclusive listing agent for the sale of this free-standing building leased to Chipotle Mexican Grill corporation. Located at the main entrance to the Weberstown Mall, an 846,000 square foot regional mall anchored by Dillard’s, JC Penney, Old Navy, Barnes & Noble, Five Below, and Bath & Body Works in Stockton, California. Weberstown Mall averages $600/psf in sales, is the only indoor mall in Stockton, and the mall does not have a dedicated food court that could fuel away food and beverage sales from the Chipotle. The subject property is well positioned directly along Pacific Avenue near the busy intersection of Pacific and March Lane boosting average daily traffic counts in excess of 73,000 cars per day. This offering presents an investor with an opportunity to acquire an attractive, well-located property corporately leased to a nationally recognized tenant.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,553 SF
Building Class
C
Year Built
2004
Price
$2,204,000
Price Per SF
$863.30
Cap Rate
5%
NOI
$110,183
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.68 AC
Zoning
C-2 - Commercial mixed use
Frontage
85’ on Pacific Ave
AMENITIES
- Air Conditioning
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
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#1 Chipotle in California | Mall Outparcel | 4940 Pacific Ave
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