Freestanding Chipotle with
1701 SW Court Ave, Pendleton, OR 97801
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Newly converted Chipotle with 14 years remaining on lease.
Type:Retail
Property size:
2,500 SFLot size:
0.50 AcresPrice / SF:
$1,263/SF- Added:
- Mar 17, 2026
- Days on Market:
- 57
- Last Refresh:
- Mar 20 at 12:01 am
Property Features for 1701 SW Court Ave
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Lot size
- 0.50 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1980
Listing agent Ryan Bennett License #CA 01826517
Listing office Lee & Associates San Diego - Carlsbad (760) 519-0240
Listing date Mar 17, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates San Diego - Carlsbad
HighLights
- New 15‑year corporate lease with Chipotle Mexican Grill, Inc. (NYSE: CMG), with approximately 14 years remaining.
- Double‑net (NN) lease structure providing a passive investment profile with tenant responsible for taxes, insurance, interior maintenance, HVAC, and common area costs.
- Attractive 10% rental increases every five years throughout the primary term and four additional five‑year renewal options.
- Newly converted (2025) 2,500 sq ft freestanding restaurant featuring modern architecture and a Chipotlane drive‑thru pickup lane.
- Strategic location directly adjacent to the Pendleton Round‑Up Rodeo Grounds, drawing over 50,000 visitors annually.
- Positioned within Pendleton’s primary retail corridor near national tenants like Walmart and Safeway.
Overview
This property features a newly converted Chipotle Mexican Grill, a freestanding restaurant of approximately 2,500 square feet, situated on a 0.50-acre parcel. The building underwent a full conversion in 2025 and includes modern architecture, a digital order "Chipotlane" drive-thru pickup lane, and a 350 square foot outdoor patio. Leased to Chipotle Mexican Grill, Inc. under a new 15-year corporate lease, approximately 14 years of the term remain. The lease is structured as a double-net (NN) lease where the tenant is responsible for taxes, insurance, interior maintenance, HVAC, and common area costs. The lease includes 10% rental increases every five years throughout the primary term and four additional five-year renewal options. The property benefits from a location directly adjacent to the Pendleton Round-Up Rodeo Grounds, drawing more than 50,000 visitors annually. It is positioned within Pendleton’s primary retail corridor near national tenants including Walmart Supercenter, Safeway, Taco Bell, Dollar Tree, and Grocery Outlet. Pendleton serves as the county seat of Umatilla County and functions as the region’s commercial and tourism hub.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Drive through restaurants
Location Insight
- Map
- Local Demand
- City
- Pendleton
- County
- Umatilla
- State
- Oregon
- Longitude
- -118.799179
- Latitude
- 45.669155
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FAQs
What type of property is this?
Drive through restaurant - Newly converted Chipotle with 14 years remaining on lease.
Where is this drive through restaurant located?
The property is located at 1701 SW Court Ave Pendleton, OR.
What is the asking price?
The asking price for this property is $3,158,000.
What are key features of this property?
This property features: New 15‑year corporate lease with Chipotle Mexican Grill, Inc. (NYSE: CMG), with approximately 14 years remaining.; Double‑net (NN) lease structure providing a passive investment profile with tenant responsible for taxes, insurance, interior maintenance, HVAC, and common area costs.; Attractive 10% rental increases every five years throughout the primary term and four additional five‑year renewal options.
