RANCHO CORDOVA, Calif. - Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm arranged the pre-sale of a new property leased to Chipotle Mexican Grill with a drive-thru "Chipotlane" at Anatolia Marketplace shopping center in Rancho Cordova, California, an affluent suburb in the Sacramento metro area. The absolute NNN ground lease, which sold for $4.34 million, marks the 19th Chipotle property sold by Hanley Investment Group in the last 36 months.
Hanley Investment Group's Executive Vice Presidents Bill Asher and Jeff Lefko represented the seller Anatolia Marketplace, LLC, based in Sacramento and the buyer, a private 1031 exchange investor, based in the Bay Area.
"We generated multiple offers and procured a 1031 exchange buyer within three weeks of marketing the property, a testament to the strength of the location and credit tenancy," said Asher. "We secured the buyer while the property was under construction and closed escrow approximately one month before Chipotle opened for business and started paying rent." Chipotle is expected to open in early September 2024.
The 2,325-square-foot Chipotle building sits on a 0.77-acre parcel at 4001 Sunrise Boulevard. It is strategically located near the signalized intersection of Sunrise Boulevard and Douglas Road (44,000 cars per day) and the signalized intersection of Sunrise Boulevard and Herodian Drive. Sunrise Boulevard serves as the main 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 5,900-square-foot retail pad building containing four tenants: Popeyes Louisiana Kitchen (with a drive-thru), Cold Stone Creamery, Jamba and Capriotti'a Sandwich Shop. Other tenants at Anatolia Marketplace include stand-alone buildings leased to McDonald's, Dutch Bros Coffee and Chevron.
The development also includes another new construction, a 100%-leased, 9,000-square-foot multi-tenant pad building featuring Round Table Pizza, Anatolia Dental Group (Pacific Dental Services) and Kids Care Dental.
Notable demographics include over 92,000 people 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 in the last 20 years and ranks as the third-wealthiest region in the Sacramento metro 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 homes in the immediate area, either existing, planned or under construction. Rancho Cordova serves as one of the largest employment centers in the region, with a daytime employment population exceeding 17,000 within a three-mile radius of the property. Fortune 500 companies with regional facilities 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 Chipotle in Rancho Cordova is only the third single-tenant Chipotle in California to trade hands in 2024 and represented one of the lowest cap rates for a single-tenant Chipotle in California this year.
"Despite market fluctuations over the past 12 months, high-quality, well-positioned, new construction single-tenant and multi-tenant retail pad properties leased to national credit tenants continue to experience strong demand. As a result, these properties have seen increased transaction velocity and relatively modest pricing adjustments," said Asher.
About Anatolia Marketplace, LLC; MEE Capital Investments, LLC as Manager
MEE Capital Investments is a Sacramento-based commercial developer focusing on land, retail and commercial development. As the managing partner for the Anatolia Marketplace development, it has strived to create synergistic uses to help service the fast-growing population in the Anatolia sub-market, bringing uses like 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 grocery store operators. For inquiries, please contact Mark Enes at mark@advalproperties.com.
About AdVal Properties, Inc.
AdVal Properties is a Sacramento-based commercial real estate firm founded in 2002. AdVal Properties worked hand-in-hand in the development of Anatolia Marketplace, providing construction management services, leasing and property management services. AdVal Properties currently has almost 2 million square feet of commercial property under management in California and Nevada.
For any further information on AdVal Properties, Inc., please contact Joshua Stark at joshua@advalproperties.com or (916) 752-6607.
About Hanley Investment Group
Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with over an $11 billion transaction track record that specializes in the sale of retail properties nationwide. Our expertise, proven track record, and unwavering dedication to putting clients' needs first set us apart in the industry. Hanley Investment Group creates value by delivering exceptional results through the use of 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, translating into maximum exposure and pricing for each property. With unmatched service, Hanley Investment Group has redefined the experience of selling retail investment properties.
For more information, visit www.hanleyinvestment.com.
Media Contact
Company Name: Hanley Investment Group Real Estate Advisors
Contact Person: Bill Asher, Executive Vice President
Email: Send Email
Phone: 949.585.7684
Address:3500 East Coast Highway, Suite 100
City: Corona del Mar
State: California
Country: United States
Website: https://hanleyinvestmentgroup.com/
