For Sale
$4,084,000

8070 Monet AveRancho Cucamonga, CA 91739

High-yield McDonald's investment. Strong tenant, long lease.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple ownership interest in a McDonald's ground lease located at 8070 Monet Ave, Rancho Cucamonga, CA 91739. The property boasts a 3,984 square foot building constructed in 2006 and renovated in 2015, situated on a 0.74-acre lot. The current lease, an absolute NNN ground lease with a credit-rated tenant, commenced April 21, 2015, and extends to June 21, 2035, offering a substantial remaining term of 10.6 years. The lease includes eight 5-year renewal options, with a 10% rent increase every five years, ensuring consistent income growth. The property generates a strong net operating income (NOI) of $163,350, resulting in a compelling 4.00% cap rate. This prime retail location benefits from its proximity to Victoria Gardens, a major super-regional mall, and enjoys excellent visibility and accessibility due to its direct access to major freeways, including I-15 and the I-10/I-15 intersection. The surrounding area demonstrates strong demographics, with a significant population and high average household income within a 5-mile radius. This is a rare opportunity to acquire a well-performing, low-risk investment with a highly reputable tenant in a thriving retail corridor. The asking price is $4,084,000.

Highlights

  • Corporate McDonald's ground lease with S&P BBB+ credit rating.
  • NNN ground lease; 20-year primary term with eight 5-year options; 10% rental increases every five years.
  • Dominant retail location adjacent to Victoria Gardens (1.2M SF super-regional mall), offering excellent visibility and access; direct freeway access to I-15 (204,249 VPD) and W Foothill Blvd (62,305 VPD); 3 miles from I-10/I-15 intersection (475,717 VPD).
  • Located 37 miles east of Downtown Los Angeles in a strong demographic area with 274,654 people within 5 miles, averaging $118,322 household income.

Property Details for 8070 Monet Ave

Property type
Retail properties
Square Feet
3,984 SF
Year Built/Renovated
2006/2015
Lot Size (sq. ft)
32,234 SF

Location Insight

City
Rancho Cucamonga
County
San Bernardino
State
California
Latitude
34.1068466
Longitude
-117.5359217
8070 Monet Ave, Rancho Cucamonga, California

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8070 Monet Ave
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