For Sale
$2,662,000

8039 Monet AveRancho Cucamonga, CA 91739

Prime NNN Ground Lease, Strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 6,000 square foot Richie's Real American Diner located in Rancho Cucamonga, CA, at 8039 Monet Ave, 91739. The property sits on a 0.65-acre lot and boasts a highly desirable absolute NNN ground lease with a corporate guarantee, ensuring consistent cash flow. The current lease, initiated October 16, 2007, extends to December 31, 2032, with a remaining term of approximately 8.1 years. The lease includes three 5-year renewal options, and rent increases by 10% every five years. The property enjoys 100% occupancy, generating a strong net operating income (NOI) of $159,720, resulting in a 6.00% cap rate. Built in 2007, this diner benefits from its prime location adjacent to the 1.2 million square foot Victoria Gardens super-regional mall, providing exceptional visibility and accessibility. The property enjoys convenient access to major freeways, including I-15 (204,249 vehicles per day) and is near the I-10/I-15 intersection (475,717 vehicles per day). This location is part of a thriving retail corridor with major national retailers. The surrounding area demonstrates strong demographics, with 274,654 people within a 5-mile radius and an average household income of $118,322. The asking price for this leased fee ownership (land ownership) is $2,662,000. This is a rare opportunity to acquire a stable, high-performing investment property with significant long-term potential.

Highlights

  • $2,662,000 asking price for a net-leased retail property.
  • Absolute NNN ground lease with corporate guarantee, 8.1 years remaining on a 20-year primary term with three 5-year options. 10% rent increases every 5 years.
  • 6,000 SF restaurant located in a prime retail location adjacent to Victoria Gardens mall, with excellent freeway access (I-15 and I-10/I-15).
  • Strong demographics: 274,654 people within 5 miles, average household income $118,322.

Property Details for 8039 Monet Ave

Property type
Retail properties, Restaurants
Square Feet
6,000 SF
Year Built
2007
Lot Size (sq. ft)
28,314 SF

Location Insight

City
Rancho Cucamonga
County
San Bernardino
State
California
Latitude
34.1073799
Longitude
-117.534668
8039 Monet Ave, Rancho Cucamonga, California

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8039 Monet Ave
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