The absolute NNN land lease, sold for $4.34 million, marks Hanley Investment Group’s 19th Chipotle real estate sale in the past 36 months. (Representative photo courtesy of Hanley Investment Group)
RANCHO CORDOVA, Calif. – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in the sale of retail properties, today announced that the firm has arranged the pre-sale of a new property leased to Chipotle Mexican Grill with a drive-thru “Chipotlane” located in the Anatolia Marketplace shopping center in Rancho Cordova, Calif., an affluent suburb in the Greater Sacramento area. The absolute NNN ground lease, sold for $4.34 million, is the 19th Chipotle property sold by Hanley Investment Group in the last 36 months.
Hanley Investment Group Executive Vice Presidents Bill Asher and Jeff Lefko represented the seller, Sacramento-based Anatolia Marketplace, LLC, and the buyer, a private 1031 exchange investor based in the Bay Area.
“We solicited multiple offers and found a buyer under the 1031 exchange agreement within three weeks of marketing the property, a testament to the strength of the location and the creditworthiness of the tenants,” Asher said. “We found the buyer while the property was under construction and closed escrow approximately one month before Chipotle opened and began receiving rent payments.” Chipotle is expected to open in early September 2024.
The 2,300-square-foot Chipotle building sits on a 0.37-acre lot at 4001 Sunrise Boulevard. It is strategically located near the traffic light intersection of Sunrise Boulevard and Douglas Road (44,000 cars per day) and the traffic light intersection of Sunrise Boulevard and Herodian Drive. Sunrise Boulevard serves as a major thoroughfare connecting both U.S. Route 50 (El Dorado Freeway) and California State Route 16 (Jackson Road).
In May 2024, Hanley Investment Group arranged the sale of Shops III at Anatolia Marketplace, a new 60,000-square-foot retail building with four tenants: Popeyes Louisiana Kitchen (with drive-thru), Cold Stone Creamery, Jamba and Capriotti’a Sandwich Shop. Other tenants at Anatolia Marketplace include freestanding buildings leased to McDonald’s, Dutch Bros Coffee and Chevron.
The facility also includes another new construction, a 100% leased, 836 square meter multi-tenant building featuring Round Table Pizza, Anatolia Dental Group (Pacific Dental Services) and Kids Care Dental.
Notable demographics include over 92,000 people living within a five-mile radius and a median household income of nearly $147,000 within a one-mile radius. Rancho Cordova has experienced nearly 47% growth over the past 20 years and ranks as the third wealthiest region in the Greater Sacramento area. Other national tenants in the immediate area include Raley’s Grocery Store, ARCO am/pm, Chase Bank, Walgreens and The UPS Store.
There are 38,535 existing, planned or under construction homes in the immediate area. Rancho Cordova is one of the region’s largest employment centers, with more than 17,000 people working during the day within a 3-mile radius of the property. Fortune 500 companies with regional offices in the area include Cisco Systems, Centene, Anthem Blue Cross, Franklin Templeton, HP Enterprise, Health Net, Teledyne Technologies and Vision Service Plan.
Asher noted that the sale of the Rancho Cordova Chipotle is only the third single-tenant Chipotle in California to change hands in 2024 and represents one of the lowest capitalization rates for a single-tenant Chipotle in California this year.
“Despite market fluctuations over the past 12 months, high-quality, well-positioned, newly constructed retail properties on single and multi-tenant agreements leased to nationally creditworthy tenants continue to enjoy strong demand. As a result, transaction speeds on these properties have increased and prices have been adjusted relatively modestly,” Asher said.
About Anatolia Marketplace, LLC; MEE Capital Investments, LLC as manager
MEE Capital Investments is a Sacramento-based commercial developer focused on land, retail and commercial development. As managing partner of the Anatolia Marketplace development, the company has sought to create synergistic uses to serve the rapidly growing population in the Anatolia submarket and has brought on board companies such as Chipotle, Dutch Bros, Capriotti’s Sandwich Shop, McDonald’s, Popeyes, Round Table Pizza and more. They are currently in discussions with other users including several grocers. For inquiries, please contact Mark Enes at [email protected].
About AdVal Properties, Inc.
AdVal Properties is a Sacramento-based commercial real estate company founded in 2002. AdVal Properties was closely involved in the development of Anatolia Marketplace and provides construction management, leasing and property management services. AdVal Properties currently manages nearly 2 million square feet of commercial real estate in California and Nevada.
For more information about AdVal Properties, Inc., please contact Joshua Stark at [email protected] or (916) 752-6607.
About Hanley Investment Group
Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory firm with a transaction history of over $11 billion specializing in the sale of retail properties nationwide. Our expertise, proven track record and unwavering commitment to putting our clients’ needs first sets us apart in the industry. Hanley Investment Group creates value by delivering exceptional results using property-specific marketing strategies, cutting-edge technology and local market knowledge. Our nationwide relationships with investors, developers, institutions, franchisees, brokers and 1031 exchange buyers are unparalleled in the industry and result in maximum exposure and pricing for each property. With unmatched service, Hanley Investment Group has redefined the retail real estate sales experience.
For more information, see www.hanleyinvestment.com (http://www.hanleyinvestment.com/).
Media contact
Company Name: Hanley Investment Group Real Estate Advisors
Contact Person: Bill Asher, Executive Vice President
Email: Send email (https://www.abnewswire.com/email_contact_us.php?pr=hanley-investment-group-arranges-presale-of-new-construction-chipotle-drivethru-at-anatolia-marketplace-in-rancho-cordova-calif- for $434 million)
Phone: 949.585.7684
Address: 3500 East Coast Highway, Suite 100
City: Corona del Mar
State: California
Country: United States
Website: https://hanleyinvestmentgroup.com/
This press release was published on openPR.
