Chipotle & Jersey Mike’s - Pad to Supermarket

Highlights:

• Strong Tenants Chipotle, Jersey Mike’s, and local favorite Dragon Grill: offering a blend of national and regional operators with proven performance
• 100% Leased with New Long-Term NNN Leases: Offers stable income and ownership security with tenants responsible for taxes, insurance, and CAM
• Fully Leased to Five Tenants: Chipotle, Jersey Mike’s, Dragon Grill, Kwik Charge, and Phantom Fireworks provide diversified, stable income.
• New Drive-Thru Chipotlane Pad: Fronts WinCo Foods with strong co-tenants including McDonald’s, Dutch Bros, and Chevron.
• Prime Location: High-traffic corridor near major employers, residential areas, and industrial hubs.+
• New 2024 Construction & Ease Of Management

Description:

Faris Lee Investments is pleased to present an exceptional investment opportunity featuring a newly constructed, free-standing pad building hosting three esteemed fast-casual dining tenants: Chipotle, Jersey Mike’s, and Dragon Grill. Strategically positioned as an outparcel pad building to a bustling Neighborhood Shopping Center anchored by a 24/7 Winco Foods Supermarket, this property offers investors a zero-deferred maintenance asset with long-term stability. Notably, the property boasts a Drive-Thru Chipotlane, catering to the modern consumer’s convenience preferences, along with six EV charging stations leased on long-term agreements. The tenant roster is complemented by a lease with Phantom Fireworks, which operates on-site outside of the main building.
Chipotle, a globally recognized consumer brand with over 3,700 locations worldwide, is renowned for its fresh Mexican-inspired cuisine and commitment to using high-quality ingredients sourced from sustainable suppliers. With annual sales exceeding $11.31 billion and a current market cap of $56B+ (October 2025), Chipotle serves as the anchor tenant, providing reliability and prestige. Jersey Mike’s, a well-established consumer brand specializing in submarine sandwiches and salads, has over 3,190 locations across the United States and is currently valued at over $8 billion. Although privately held, the chain was acquired by Blackstone in a deal valued at approximately $8 billion that was completed in January 2025. Dragon Grill, cherished for its Asian-inspired cuisine and stellar 4.6-star rating on Google reviews, rounds out the tenant mix, reflecting the community’s culinary preferences and bolstering the property’s appeal.
The property enjoys exceptional visibility at the signalized hard corner of Foothill Blvd. and Cherry Ave., with over 63,000+ vehicles passing by daily. Neighboring national retailers include Farmer Boys and Arco AM/PM, further enhancing the area’s appeal. Strong trade area demographics boast a population of over 148,000+ within a 3-mile radius and an average household income of $124,000+. Fontana, part of the Inland Empire Region, serves as the Logistics and e-Commerce hub for southern California, offering ample opportunities for continued property appreciation and potential future development.
The property’s long-term, triple-net leases ensure minimal management burden, with all common area maintenance expenses passed through to tenants. Its prime location near major highways, public transportation options, and pedestrian-friendly amenities enhances its appeal to environmentally conscious consumers. This investment presents a rare opportunity to acquire a high-profile retail asset with top-tier tenants in a thriving market, poised to deliver strong returns for discerning investors.

Fontana is nestled against the San Bernardino Mountains, Fontana is a modern city that offers its residents and visitors a wealth of community activities, a thriving local economy, and central access to major business centers. Founded by Azariel Blanchard Miller in 1913, it remained essentially rural until World War II, when entrepreneur Henry J. Kaiser built a large steel mill in the area. It is now a regional hub of the trucking and logistics industry, with the east– west Interstate 10 and State Route 210 crossing the city and Interstate 15 passing diagonally through its northwestern quadrant. Due to its geographic location, the City is identified as “…the crossroads of the Inland Empire.” As of 2024, the population is estimated to be over 218,000.
The city is home to a renovated historic theater, a municipal park, and the site of the former Auto Club Speedway. The speedway, built on the site of the old Kaiser Steel Mill, hosted its final NASCAR race in February 2023. The track has since been demolished to make way for a large logistics and industrial park, reflecting the city’s economic focus. Plans to build a new, smaller short track on the property are currently on hold. Fontana also hosts the Fontana Days Half Marathon and 5K run, which the city promotes as the fastest half-marathon course in the world.

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