About This Restaurant
Investment Highlights
Single-Tenant Corporate Starbucks Drive-Thru: New 10-year lease; 10% increases every 5 years, including the option periods One of the ?World?s Most Admired Companies? by Fortune (2009-2023) | Freeway Adjacent: Immediate access to the 215 (Escondido) Freeway at Cactus Ave Strong Demos; Across from March Air Force Base (8,000 Employees) | Moreno Valley is Home to Corporate Facilities for Fortune 500 and International C Favorable Caf? w Drive-Thru Format: 60-70% of all business for QSR come through a drive-thru & avg stores sales are 50% greater w/ drive-thru Excellent Accessibility & Visibility: Property is located on the ?going to work side? of Cactus Ave (38,200 cars per day) at the on-ramp to 215 Fwy High Growth, Inland Empire Location: Moreno Valley is the 2nd largest city in Riverside County and one of the fastest growing cities in the region
Executive Summary
New 10-Year Lease | 10% Increases Every 5 Years | Half Mile (Morning Drive Side) to 215 Freeway (158K CPD)
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Fast Food Freestanding
- Building Size 1,500
- Building Class B
- Year Built 2023
- Price 2,900,000
- Price Per SF 1,933
- Cap Rate 5
- NOI 145,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 0.69 AC
Amenities
- Signage
- Drive Thru
- Air Conditioning
Property Taxes
| Parcel Number | 297-130-071 | Improvements Assessment | $3,825,000 |
| Land Assessment | $360,000 | Total Assessment | $4,185,000 |
| Date Created: | 2024-07-16 04:09:23 | Last Updated: | 2024-07-16 04:09:23 |
| Address: | 22350 Cactus Ave , Moreno Valley, California, 92553 | ||