920 Wood Village BlvdWood Village, OR 97060

For Sale
$2,906,260

Oregon Chipotle: Net Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a brand-new, fee-simple Chipotle restaurant in Wood Village, Oregon. Built in 2023, this 2,325 square foot QSR boasts a signature Chipotlane drive-thru, indoor dining, and outdoor patio seating. Situated on a 1.41-acre lot with 38 parking spaces, the property enjoys a prime location as an outparcel to the Wood Village Town Center. The 100% occupied property is under a corporate-guaranteed, 15-year net lease (NN) with 14.1 years remaining, featuring fixed 7.5% rent increases every five years. The lease includes three five-year renewal options. The property generates a strong NOI of $145,313, representing a 5.00% cap rate and a price per square foot of $1,250. The asking price is $2,906,260. This investment offers exceptional cash flow, built-in rent growth, and a resilient tenant in a desirable location within the Portland MSA. The property's address is 920 NE Wood Village Blvd, Wood Village, OR 97060, and its APN is R489399. This is a rare opportunity to acquire a high-performing, passively managed asset with significant long-term growth potential. The property benefits from excellent visibility, strong traffic counts, and limited fast-food competition. The tenant, Chipotle, is a well-established, recession-resistant brand. This is a truly exceptional investment opportunity for those seeking a stable, high-return asset.

Highlights

  • Passive investment with a corporate-guaranteed, net lease.
  • 14.1 years remaining on the lease with 7.5% rent increases every five years.
  • Brand new (2023) Chipotle with Chipotlane drive-thru, indoor/outdoor seating.
  • Recession-resistant QSR investment, highly sought after.
  • Outparcel to Wood Village Town Center, strong tenant mix.
  • High visibility, excellent access, and limited QSR competition.

Property Details for 920 Wood Village Blvd

Property type
Other retail properties, Restaurants
Square Feet
2,325 SF
Year Built
2023
Lot Size (sq. ft)
61,420 SF

Location Insight

City
Wood Village
County
Multnomah
State
Oregon
Latitude
45.5287103
Longitude
-122.4277447
920 Wood Village Blvd, Wood Village, Oregon

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920 Wood Village Blvd
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