NNN Restaurant
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For Sale
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550 NE Circle Boulevard, Corvallis, OR 97330
Corporate-leased restaurant property with recent renovation, long-term occupancy, and access to established commercial and commuter activity.
Property SizeContact for details
Days on Market7
Property Features for 550 NE Circle Boulevard
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Horvath & Tremblay
Listed By:
Jack Collins · License #475.204707
Source:
Crexi
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 14 at 6:47AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
Located at 550 NE Circle Boulevard in Corvallis, Oregon, this single-tenant restaurant property is occupied by Chipotle under a corporate lease. The building underwent a complete renovation in 2023, and the lease is structured as absolute NNN with more than 12 years remaining on the initial term. Four additional five-year renewal options are included, with 10% rent increases scheduled every five years during the primary term and at the beginning of each option period.
The property sits along NE Circle Boulevard within an established commercial area that includes national and local retailers, restaurants, grocery stores, and daily-needs businesses. Access to US Highway 99 connects the site with Oregon State University, Reser Stadium, major employment areas, retail destinations, and surrounding residential districts in Corvallis.
The property sits along NE Circle Boulevard within an established commercial area that includes national and local retailers, restaurants, grocery stores, and daily-needs businesses. Access to US Highway 99 connects the site with Oregon State University, Reser Stadium, major employment areas, retail destinations, and surrounding residential districts in Corvallis.
Key Highlights
- Single‑tenant Chipotle restaurant at 550 NE Circle Boulevard, Corvallis, Oregon
- Complete renovation completed in 2023
- Absolute NNN lease with 12+ years of remaining term
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
779
Businesses Nearby
324k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Groceries 18%
Shops & Services 16%
Home Improvements & Furnishings 10%
Walmart Neighborhood Market
Groceries
32,912 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
29,722 visits/mo
0.2 miles
Safeway
Groceries
27,091 visits/mo
0.1 miles
McDonald's
Dining
22,542 visits/mo
0.3 miles
AMC CLASSIC Corvallis 12
Leisure
21,239 visits/mo
0.1 miles
Demographics for 97330, OR
43,947
Population
19,957
Households
2.2
Avg Household Size
33
Median Age
60%
College-Educated
96%
High-School Grad
78.0 sq mi
ZIP Area
563
Density / Sq Mi
$69,127
Median Household Income
$28,966
Median Earnings
$1,339
Median Rent
$495,700
Median Home Value
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-leased restaurant property with recent renovation, long-term occupancy, and access to established commercial and commuter activity.
Where is this nnn property located?
The property is located at 550 NE Circle Boulevard Corvallis, OR.
What is the asking price?
The asking price for this property is $3,685,000.
What are key features of this property?
This property features: Single‑tenant Chipotle restaurant at 550 NE Circle Boulevard, Corvallis, Oregon; Complete renovation completed in 2023; Absolute NNN lease with 12+ years of remaining term
