Chipotle

$2,927,000

1961 14th Avenue Southeast, Albany, OR 97322

For Sale

Retail Retail Pad

Active

Last Updated: 10/27/2025

Details:

Cap Rate: 4.75%

NOI: $139,039

Building Size: 2,325 sqft

Lot Area: 0.48 acres

Lease Type: Triple Net

Tenancy: Single

Year Last Renovated: 2021

Highlights:

10+ years remaining on corporate lease featuring 10% rental increases every 5 years
Pad to Target-anchored mall – Heritage Mall, top 8% of shopping centers in Oregon in terms of annual foot traffic per Placer.ai
Ideal positioning at main ingress/egress point
20-year roof materials warranty in place (~15 years remaining)
Chipotle's 2024 revenues totaled $11.3 billion, a 14.6% increase over the previous year
Ranked on the Fortune 500 and recognized on the 2024 list of Fortune’s Most Admired Companies

Description:

10+ years remaining on corporate Chipotle lease featuring 10% rental increases every 5 years throughout the base term and options. The subject property is located at Heritage Mall – a 350,000+ SF mall that ranks in the top 8% of shopping centers in Oregon in terms of annual visits.