503 Woollomes Ave.

This property is located in Delano, California, a premier net-leased investment positioned within the city’s most active commercial corridor at the interchange of State Highway 99. This highly visible signalized intersection benefits from exceptional accessibility and exposure, with traffic counts reaching approximately 68,000 vehicles per day along Highway 99 at the Woollomes Avenue exit. The property is ideally situated adjacent to brand new national retailers including ARCO am/pm and In-N-Out Burger, and surrounded by major anchors such as Walmart and Home Depot, placing the site within Delano’s primary retail corridor that serves a regional trade area of more than 100,000 people. As the second-largest city in Kern County with strong population growth, Delano continues to attract national retailers seeking access to the Central Valley consumer base. Notably, this location is the only Chipotle within a 30-mile radius, further strengthening its regional draw. The property consists of a 2,345 SF freestanding retail building constructed in 2022 and built to Chipotle Mexican Grill’s newest prototype specifications. The single-story structure features a dedicated Chipotle drive-thru and an efficient f|oorplan designed to support high-volume quick-service restaurant operations. The investment is secured by a 11-year absolute triple-net (NNN) corporate lease guaranteed by Chipotle Mexican Grill (NYSE: CMG), one of the most recognized fast-casual restaurant brands in the world with more than 2,925 locations across the United States, Canada, France, Germany, and the United Kingdom.