895 L St, Crescent City, CA

This property features a new 10-year corporate net lease to Chipotle, a publicly traded company (NYSE: CMG), and includes a Chipotlane drive-thru. The lease incorporates 10% rental increases every 5 years throughout the initial term and options. This is Crescent City's first Chipotle location, offering limited competition, and is the only Chipotle within an 80-mile radius. The property benefits from a signalized, hard corner location along US-101, providing multiple access points and a combined average daily traffic count of 21,300. Its location is in close proximity to multiple schools, including College of the Redwoods (1,200 students) and Del Norte High School (1,000 students), and within walking distance of Crescent Elk Middle School and Joe Hamilton Elementary, totaling approximately 800 students. The property is situated near major retailers such as Safeway, Home Depot, Tractor Supply, and Crescent City Cinemas. Additional neighboring tenants include Grocery Outlet, Dollar Tree, Dutch Bros, Burger King, McDonald's, Starbucks, and multiple hotels. It is located across US-101 from the Del Norte County Fairgrounds, which hosts year-round events. Other nearby tourist destinations include The Redwoods, Ocean World, Crescent City Harbor District, Tolowa Dunes State Park, and Battery Point Lighthouse & Beach. The property is 1.5 miles from Walmart Supercenter and Sutter Coast Hospital (Sutter Health) and less than 3 miles from Del Norte County Regional Airport. Crescent City Harbor is one of the most significant harbors between San Francisco and Portland. The property size is 2,325 square feet.