Investment Highlights
Absolute NNN: No Landlord responsibilities, Tenant responsible for payment of property taxes, insurance, and
Major Retail District: Location benefits from major retailer synergy from national chains such as Costco (one block away), Home Depot, Super Grocers
Prominent Signage, Visibility & Access: large two-panel pylon signage, excellent visibility & easy access from multiple ingress/egress positions
Long Term Lease: 10-year lease with 10% increases every 5-years
Excellent Drive-Thru Stack: Property features a healthy drive-thru stack, allowing for eight plus cars to stack in the drive-thru lane
Freeway Access: Two blocks from the Interstate-15 and Palmdale Rd (SR-18)/Seventh St Exit
Executive Summary
CIRE Partners is pleased to exclusively present for sale a turnkey drive-thru restaurant investment opportunity located at 14415 7th St, Victorville, CA 92395. This property, occupied by Taquer?a El Comandante, is comprised of an approximately 1,200 square foot drive-thru restaurant building with an additional ?240 square foot storage/cooler space, situated on an approximately 0.20 acre parcel of land. The property, built in 1979 and renovated in 2023, features a healthy drive-thru stack, allowing for efficient business operations during peak hours, and includes 11 parking spaces.The lease, runs through March 2034, providing a 10-year term with three (3) five-year renewal options. The lease is an absolute triple net (NNN) lease, offering fixed 10% rent increases every five years, ensuring healthy yield growth. The current annual rent is $84,000, translating to a cap rate of 6.50%, with a projected increase to $92,400 in years 6-10, reaching a cap rate of 7.15%.Strategically located right off Interstate-15 and Palmdale Rd (SR-18)/Seventh St, the property benefits from excellent visibility, prominent signage, and easy access from multiple ingress/egress points along shared easement positions. The major retail district in which it resides boasts synergy from national chains such as Costeo, Home Depot, and the soon-to-open Super Grocers.Victorville, located in San Bernardino County, Southern California, is approximately 85 miles northeast of Los Angeles. It is a strategic transportation and logistics hub, home to the Southern California Logistics Airport (SCLA), a pivotal element in the city's economy. The region offers a blend of recreational and cultural attractions, including the Mojave Desert and the California Route 66 Museum, making it an attractive destination year- round.
