Chipotle NNN for Sale in Cornelius, OR — $3,574,000 | 4.75% Cap
This Chipotle triple net lease property in Cornelius, OR offers passive income investors A- credit, 15.0-year lease through 2041, and $169,725 annual NOI at 4.75% cap rate with absolute NNN structure.
Rare West Coast Abs NNN Lease | New 15-Year Corporate Lease
Marketing description
Prime Retail Location: High-visibility and easily accessible location along East Baseline Street, a primary east-west retail thoroughfare in Cornelius (35,200 AADT).
Chipotle Backing: Chipotle experienced strong growth in 2024, including a 14.6% increase in total
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Investment Highlights
- ✅ A- Investment-Grade Credit — Chipotle maintains strong credit providing institutional quality and 70-75% LTV financing.
- ✅ 15.0-Year Lease Security — Lease through 2041 provides long-term cash flow with minimal landlord duties.
- ✅ $169,725 Annual NOI (4.75% Cap) — Property delivers $14,144 monthly mailbox money creating truly passive income.
- ✅ Cornelius, OR Market — Oregon Nike/Intel presence supports spending.
- ✅ Chipotle Brand Strength — Proven recession-resistant business model with long-term real estate commitment.
Property Details
| Metric |
Value |
| Price |
$3,574,000 |
| Cap Rate |
4.75% |
| Annual NOI |
$169,725 |
| Monthly Income |
$14,144 |
| Lease Remaining |
15.0 years |
| Tenant |
Chipotle (A-) |
| Lease Type |
Absolute NNN |
| Location |
Cornelius, OR |
Why Chipotle NNN Properties?
Chipotle triple net properties offer institutional-quality real estate with proven fundamentals including strong A- credit rating providing major lender support at 70-75% LTV, absolute NNN lease structure creating true passive mailbox money, recession-resistant business model proven through economic cycles, and purpose-built locations with long-term value retention.
Cornelius, OR Market Analysis
Oregon Nike/Intel presence supports spending. The Cornelius market provides strong demographics, accessible retail corridors, and consumer demand supporting long-term Chipotle performance and NNN lease stability.
Absolute NNN Lease Structure
This property features absolute triple net lease where tenant pays all property taxes, insurance, maintenance, repairs, and utilities. Investor responsibility limited to mortgage payment (if financed) and collecting rent checks — truly passive income.
1031 Exchange Benefits
This Chipotle NNN property qualifies as like-kind replacement for 1031 exchange investors seeking to defer capital gains tax, simplify from active to passive real estate, eliminate landlord responsibilities, preserve wealth through institutional quality, and generate predictable income through 15.0-year lease term.
Financing Available
Chipotle’s A- credit provides excellent financing options including 70-75% LTV from major banks, competitive interest rates, 25-30 year amortization, and non-recourse options for qualified borrowers.
Contact American Net Lease
We represent buyers only — your interests come first. Specializing in Chipotle NNN acquisitions nationwide.
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