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    1961 14Th Ave SE Albany, OR 97322

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    For Sale
    Contact for pricing

    Corporate Chipotle lease with rental increases in top Oregon mall.

    Lot size:
    0.48 Acres

    Property Features for 1961 14Th Ave SE

    General Information

    Lot size
    0.48 Acres

    Building Details

    Year built
    2021

    Source: John Andreini Agent John Andreini

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chipotle Corporate Lease Opportunity

    This property features a corporate Chipotle lease with over 10 years remaining. The lease includes 10% rental increases every 5 years throughout the base term and options. It is located at Heritage Mall, a shopping center with over 350,000 square feet, ranking in the top 8% of shopping centers in Oregon based on annual visits. The property benefits from its positioning at the main ingress/egress point of the mall, which is anchored by Target. A 20-year roof materials warranty is in place with approximately 15 years remaining. Chipotle's 2024 revenues totaled $11.3 billion, a 14.6% increase over the previous year. The company is ranked on the Fortune 500 and recognized on the 2024 list of Fortune’s Most Admired Companies.
    Location Intelligence

    Current Use by Public Records

    Chipotle Mexican Grill Caterer Plant Warehouse Garden Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Jacopetti's Catering, Krakelen - Wood Fired Pizza

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Linn
    State
    Oregon
    Longitude
    -123.0805608
    Latitude
    44.6301908

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    FAQs

    What type of property is this?
    Restaurant - Corporate Chipotle lease with rental increases in top Oregon mall.
    Where is this restaurant located?
    The property is located at 1961 14Th Ave SE Albany, OR.
    What are key features of this property?
    This property features: - 10+ years remaining on corporate Chipotle lease with 10% rental increases every 5 years.; - Located in Heritage Mall, a Target-anchored shopping center ranking in the top 8% in Oregon for annual visits.; - Chipotle is a Fortune 500 company with strong 2024 revenues of $11.3 billion, a 14.6% increase year-over-year.
    (415) 274-2715
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    Albany, OR 97322
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1961 14Th Ave SE Albany, OR 97322
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