Starbucks | Popeye's Chicken | Habit Burger 1500 W Valley Blvd

Investment Highlights

4 National Tenants with 10% Increases Every 5 Years 197,000 Daily Traffic on the 1-10 Fwy Property Features 3 Drive-Thrus 50 Ft Pylon Sign on 1-10 Fwy 200,356 Daily Traffic on N. Pepper Ave Consists of Three 1-Acre Parcels

Executive Summary

Marcus & Millichap is pleased to present Colton Gateway Center, a retail investment property consisting of 2 single tenants and a 4 tenantinline property, all sitting on 1-acre parcels each with dedicated drive-through lanes. The tenant roster consists of Starbucks, Popeye?s, Habit Burger, Firehouse Subs, and Roll ?em Up Taquitos. The real estate is well positioned between the I- 10 Freeway and Arrowhead Regional Medical Center. The property sits at the Pepper Avenue off-ramp and the I- 10 freeway, where traffic exceeds 197,000 cars per day. The property is located directly across from Arrowhead Regional Medical Center, which is an Accredited Level I Trauma Center with a 456-bed acute care facility located on a 70-acre campus. ARMC has the second busiest Emergency Department in the State of California and experiences over 7,000 visitors a day. It employs over 3,300 people and provides emergency care for approximately 130,460 County residents, 113,769 admissions, and approximately 254,000 outpatient visits annually. The property was constructed in 2019-2020 and is of institutional quality construction with tall stone facade storefronts. All the buildings have an individual parcel number, allowing for a spin-off strategy should an investor elect to sell one or all of them in the future.The city of Colton has been experiencing tremendous growth, as evidenced in the number of ongoing and completed development projects, including the opening of California State University of Science and Medicine, a 3-story Vascular and Endoscopy Outpatient Center, a I-10 and Pepper Ave Freeway Interchange, and numerous retail, residential and office projects in the immediate trade area.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    13,450
• Building Class    C
• Year Built    2020
• Price    15,000,000
• Price Per SF    1,115
• Cap Rate    4.62
• NOI    692,668
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.10
• Land Acres    3.00 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.