Chipotle Drive-Thru 5005 Cleveland Blvd

Investment Highlights

New 15-Year Lease Term - Absolute NNN Strong Traffic and Excellent Co-Tenant Synergy Nearby Points of Interest include Indian Creek Plaza, College of Idaho, and Lake Lowell Chipotle Mexican Grill (NYSE: CMG) Corporate Guaranty Proximity to Hwy 84 - Located in the heart of downtown

Executive Summary

The subject property is located at the intersection of Cleveland Boulevard and Ustick Road in Caldwell, ID. Caldwell is the County seat in Canyon County and is part of the Boise Metropolitan Statistical Area (MSA), the largest and fastest-growing market in Idaho. Caldwell is experiencing rapid growth in affordable housing development and is actively adding infrastructure to support this growth. The College of Idaho is located nearby, along with several major employers in the area.Cleveland Boulevard & Ustick Road intersection serves as the central hub for retail in Caldwell. Cleveland Boulevard has the highest traffic counts in the area, and Ustick provides convenient access over I-84, allowing for a 360-degree trade area for this site. It is strategically positioned on the corner of Caldwell most desirable retail arterial, surrounded by popular retailers such as Wal-Mart, Grocery Outlet, Dollar Tree, Jack in the Box, Take 5, Freddy?s, Valvoline, and many others.The property benefits from excellent tenant synergy and offers easy ingress and egress. With strong traffic counts and favorable demographics, investing in this property allows a stable investment opportunity.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant General Retail Storefront Fast Food
• Building Size    2,682
• Building Class    C
• Year Built    2015
• Price    2,883,000
• Price Per SF    1,075
• Cap Rate    5
• NOI    144,158
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.10
• Land Acres    0.64 AC