Chipotle 597 SW 1st Ave 2,725 SF Retail Building Canby, OR 97013 $3,690,000 ($1,354.13/SF) 5% Cap Rate
EXECUTIVE SUMMARY
MAJ Commercial Real Estate is pleased to present the opportunity to acquire a Single Tenant Net Leased Investment located in Canby, OR. The property is leased to Chipotle on a brand new 15-year term that commenced on December 1, 2024. This location consists of Chipotle’s pickup window “Chipotlane” for customers with meals preordered in the Chipotle mobile-app. The property is ideally located on SW 1st Ave (Pacific Hwy E), that encompasses approximately 20,200 vehicles per day. Chipotle is also located just 0.2 miles away from Canby High School and 0.7 miles away from the Clackamas County Fairgrounds and Event Center. Some of the surrounding business include Starbucks, Fred Meyer, Safeway, US Bank and more.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,725 SF
Building Class
B
Year Built
1980
Price
$3,690,000
Price Per SF
$1,354.13
Cap Rate
5%
NOI
$184,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.60 AC
Zoning
CM
Frontage
124’ on 1st Ave
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00793608 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $778,334 |
