3120 Campus Dr Merced, CA 95348-2846
- Commercial real estate
- 0.81 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3120 Campus Dr
- Lot size
- 0.81 lot acres
- Property type
- Commercial real estate
- APN
- 061-670-002-000
- APU
- 61670002000
Description
This exceptional investment opportunity presents a brand-new, 2,325 square foot Chipotle restaurant in Merced, CA, built in 2024. The property boasts a 15-year net lease with a strong corporate guarantee from a Fortune 500 company (NYSE: CMG), featuring 10% rent increases every five years. Located within the thriving Merced Gateway Retail Center, a 77-acre mixed-use development anchored by Tractor Supply Co. and situated near a new ARCO, McDonald's, and Starbucks, this location benefits from high visibility and significant traffic. The site is strategically positioned on Campus Parkway, providing convenient access to UC Merced and State Route 140, Yosemite's all-weather route. The 0.81-acre lot includes a dedicated Chipotlane drive-thru, street-level monument sign, and an 83-foot tall freeway pylon, maximizing brand exposure. The property's proximity to approximately 200 apartment units and Golden Valley High School (1,716 students) ensures a consistent customer base. The Merced Gateway Retail Center is projected to generate approximately 2,700 new jobs and $30 million annually in sales tax revenue. The asking price is $3,530,000, with a current NOI of $150,000 and a 4.25% cap rate. This is a rare opportunity to acquire a high-performing, investment-grade asset in a rapidly growing market. The lease commenced February 20, 2024, and expires February 28, 2039.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Merced
- County
- Merced
- State
- California
- Longitude
- -120.432
- Latitude
- 37.275
- CBSA code
- 32900
- CBSA name
- MERCED, CA METROPOLITAN STATISTICAL AREA
