Single Tenant Net Lease Chipotle – Acquisition

Ukiah, CA


Funding Purpose

Provided acquisition financing for the purchase of a retail property in Northern CA. This was the third property purchased in a 1031 exchange.

Property Description

Single tenant net lease Chipotle in Northern CA with 10 years remaining on the lease. Corporate guarantee, with strong 8% rent increases every 5 years.


Experienced family owned and operated real estate company based in CA. Looking to take advantage of a NNN retail property.


  • Clause in the lease that stated this location could not be a burger joint


  • Took several actions to make sure the borrower was comfortable with this verbiage.


  • Loan to Value: 60%
  • Interest Rate: 3.35%
  • Amortization 30 years
  • Term: 10 years fixed
  • Prepayment: None

Associate Director  | Capital Advisor


Managing Director  | Capital Advisor