About This Restaurant
Investment Highlights
Rare 20 Year Lease - 17.6 Years Remaining 2022 Construction - Features Drive-Thru Lane Robust Daytime Population - 266K Residents Within 5-Miles Inland Empire Location - Retail Corridor Near Luxury Apartments 10% Rental Increases Every 5 Years - Next Increase in 2026 41,746 CPD - Minutes Away from 91 & 15 Freeways
Executive Summary
The Habit Burger Restaurants LLC (corporate) remains liable per the lease. Habit Burger is a subsidiary of Yum! Brands (NYSE: YUM), one of the world?s largest restaurant companies.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Fast Food General Retail Restaurant Freestanding
- Building Size 2,650
- Year Built 2022
- Price 4,187,000
- Price Per SF 1,580
- Cap Rate 4.35
- NOI 182,148
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.11
- Land Acres 0.57 AC
Amenities
- Corner Lot
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Nearby Amenities & Transportation
| Retail | Alberto's Mexican Food | ||
| Retail | Wingstop | ||
| Retail | Ono Hawaiian BBQ | ||
| Retail | Starbucks | ||
| Retail | Denny's | ||
| Retail | Winco Foods | ||
| Retail | Wells Fargo Home Mortgage | ||
| Retail | ALDI | ||
| Retail | The Brass Tap | ||
| Retail | Jack In The Box |
Property Taxes
| Parcel Number | 122-061-010 | Improvements Assessment | $1,210,937 |
| Land Assessment | $1,069,980 | Total Assessment | $2,280,917 |
| Date Created: | 2024-07-16 04:09:21 | Last Updated: | 2024-07-16 04:09:21 |
| Address: | 870 N Main St , Corona, California, 92878 | ||