For Sale
$3,530,000

3120 Campus DrMerced, CA 95348

Merced, CA: High-growth, 15-year NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • 15-year NNN lease with 10% rent increases every five years.
  • Chipotle-anchored retail property in Merced Gateway, a new 77-acre mixed-use center anchored by Tractor Supply Co., near ARCO, McDonald's, Starbucks, and 200+ apartments.
  • High-visibility corner location at South Coffee Street and Campus Parkway, with direct access to UC Merced and State Route 140 (Yosemite access).
  • Merced Gateway projected to create 2,700 jobs and $30 million in annual sales tax revenue.
  • High-traffic intersection (42,500 AADT) with easy State Route 99 access.
  • Walking distance to Golden Valley High School (1,716 students).

Property Details for 3120 Campus Dr

Property type
Retail properties
Square Feet
2,325 SF
Year Built
2024
Lot Size (sq. ft)
35,284 SF

Location Insight

City
Merced
County
Merced
State
California
Latitude
37.27542081664
Longitude
-120.43231720655
3120 Campus Dr, Merced, California

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3120 Campus Dr
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