550 NE Circle Blvd
Corvallis, OR 97330
Chipotle · Local commercial Bien À vendre

Horvath & Tremblay is pleased to present the exclusive sale of a single tenant, corporate leased Chipotle investment property located at 550 NE Circle Boulevard in Corvallis, Oregon (the “Property”). The Property was completely renovated in 2023 for Chipotle, who signed a brand-new, 15-year Absolute NNN Lease. The lease currently has 12+ years of term remaining with four (4), 5-year renewal options. The lease features attractive 10% rent increases every five years throughout the primary lease and at the start of each renewal option.
The Chipotle is well-located along NE Circle Boulevard, a prominent commercial and commuter corridor in Corvallis. The Property is positioned within an established commercial cluster surrounded by national and local retailers, restaurants, grocery stores, and other daily-needs businesses, generating consistent traffic and providing a strong built-in customer base. The Property offers convenient access to US Highway 99 and is located near Oregon State University, Reser Stadium, and major employment, retail, and residential areas throughout Corvallis.