A 6.9k sf, Chipotle-anchored multi-tenant retail pad in Foothill Ranch sold for $8.2 mil, or $1,188/sf. The building is located on just under on acre at 26592 Towne Centre Drive and is part of Foothill Ranch Towne Centre, a regional power center anchored by Walmart Supercenter, Target, 99 Cents Only, Hobby Lobby, JOANN, Michaels, Old Navy, PetSmart and Regal Cinemas.
The building is 100%-leased to Chipotle with a drive-thru, Firehouse Subs and Guidepost Montessori. The property was built in 2004 and renovated in 2020. All three tenants are on brand-new, long-term leases.