Standalone SoCal Chipotle sells for $5.9 million
A Chipotle Mexican Grill in Los Angeles has changed hands – for an exorbitant price.
Hanley Investment Group Real Estate Advisors, which specializes in retail property sales, announced that the firm facilitated the acquisition of a newly-constructed, single-tenant property occupied by a Chipotle Mexican Grill in Torrance, Calif. for a private investor at a sale price of $5.89 million.
The new 3,570-sq.-ft. Chipotle is located on a 0.37-acre parcel directly across the street from Harbor-UCLA Medical Center’s 72-acre campus, which is undergoing a $1.7 billion expansion and modernization project led by Los Angeles County Public Works. The project will replace the existing hospital and consolidate outpatient services into new, state-of-the-art facilities. The medical center will remain open during construction, which is expected to be completed in 2027.
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Hanley Investment Group’s executive VPs Bill Asher and Jeff Lefko, and VP Sean Cox, represented the buyer, a Los Angeles-based private investor. The seller, a private investor based in Los Angeles, was represented by Christopher Huddleston of The Sher Group in Los Angeles.
“We represented an all-cash, repeat buyer seeking a national corporate tenant-leased investment in the greater Los Angeles area, who desired to close escrow by year-end,” said Asher. “We successfully facilitated a year-end purchase while structuring a mutually beneficial closing for both parties prior to Chipotle opening for business and paying rent.”
The location of the Chipotle was a key driver of the high sale price, said Asher, along with the popularity of the restaurant chain, which is eying between 315 and 345 new locations in 2025.
“This is a coveted investment-grade, single-tenant Chipotle Mexican Grill with a new 15-year triple-net corporate guaranteed lease, located at the shared, signalized hard corner of the main hospital entrance in a high-traffic corridor alongside In-N-Out, Chick-fil-A, and Starbucks,” he added. “Because of these factors, we knew the asset wouldn't be on the market long, and therefore we helped the buyer secure the opportunity as quickly as possible. Chipotle is a highly sought-after brand in the fast-food industry, known for its high-quality ingredients and commitment to sustainability.”
