1657 Idaho Ave, Ontario, OR 97914-3007

This exceptional net-leased investment property, located at 1657 E Idaho Ave in Ontario, Oregon, presents a compelling opportunity for discerning investors. The property, a 2,140 square foot Chipotle restaurant, sits on a 0.65-acre lot and boasts a strong 5.35% cap rate, generating a net operating income (NOI) of $155,000. Built in 1994, the building benefits from a highly desirable location, situated on a pad adjacent to a Walmart Supercenter and Home Depot, ensuring high visibility and consistent customer traffic. With 23,170 vehicles passing daily on E Idaho Avenue, this location enjoys exceptional exposure, particularly given its proximity to the Oregon-Idaho state line. The restaurant features convenient amenities including outdoor patio seating and a "Chipotlane" drive-thru window, catering to the growing demand for quick and convenient mobile ordering. The lease commenced in September 2023, providing immediate cash flow. The asking price for this turnkey investment is $2,897,000. This represents a rare opportunity to acquire a well-established, high-performing QSR property in a prime location with significant growth potential. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio.