Freestanding Chipotle with
For Sale
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1701 SW Court Ave, Pendleton, OR 97801
Newly converted Chipotle with 14 years remaining on lease.
Property Size2,500 SF
Lot Size0.50 Acres
Price / SF$1,142
Days on Market148
Property Features for 1701 SW Court Ave
General Information
Standard status
Active
Size
2,500 SF
Total Parking Spaces
18
Lot size
0.50 Acres
Property subtype
Retail
Zoning
C-1
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$150,000
Building Details
Year Built
1980
Year Renovated
2025
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Lee & Associates San Diego - Carlsbad
(760) 519-0240
Listed By:
Ryan Bennett · License #CA 01826517
Source:
Crexi
Added: Mar 17
Changed: Aug 8
Last Checked: Aug 8 at 2:54PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
189k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Superstores 25%
Shops & Services 22%
Groceries 15%
Walmart
Superstores
48,185 visits/mo
0.3 miles
Safeway
Groceries
27,619 visits/mo
0.2 miles
Dutch Bros. Coffee
Dining
13,409 visits/mo
0.3 miles
Bi-Mart
Shops & Services
11,775 visits/mo
0.4 miles
Burger King
Dining
11,033 visits/mo
0.4 miles
Demographics for 97801, OR
21,882
Population
9,033
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
92%
High-School Grad
496.2 sq mi
ZIP Area
44
Density / Sq Mi
$73,308
Median Household Income
$38,719
Median Earnings
$924
Median Rent
$277,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
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 $2,857,000.
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.
