Palmdale Chipotle Sale Sets Cap Rate Benchmark

SRS Real Estate Partners completed the $4.39-million sale of a single-tenant property occupied by Chipotle located at 3852 W Rancho Vista Blvd. in Palmdale. The 2,325-square-foot property is new construction, with the grand opening scheduled for June 4, and has a 15-year absolute triple-net corporate-guaranteed lease in place. SRS Capital Markets managing principal Calvin Short...