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.
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Contacts
Matthew Berres
Samer Khalil
Karick Brown
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8039 Monet Ave, Rancho Cucamonga, California, 91739
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8039 Monet Ave
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