For Sale
$6,515,000

8030 Cherry Ave Fontana, CA 92335

Triple-Net, 3-Tenant, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity features a newly constructed, 4,872 square foot, free-standing retail building in Fontana, CA. The property is 100% occupied by three strong fast-casual tenants: Chipotle, Jersey Mike's, and Dragon Grill. The building includes a drive-thru Chipotlane and six EV charging stations with long-term leases. Situated on a 0.98-acre lot with 51 parking spaces, the property benefits from a prime location at a signalized intersection with over 70,000 vehicles passing daily. The property boasts a 4.75% cap rate and a strong NOI of $309,480. Built in 2024, this triple-net leased property offers minimal management burden with all common area maintenance expenses passed through to tenants. The strong demographics of the area, with over 140,000 residents within a 3-mile radius and an average household income exceeding $118,000, contribute to the property's long-term stability and potential for appreciation. The property's location in Fontana, a thriving logistics and e-commerce hub in Southern California, further enhances its investment appeal. This is a rare opportunity to acquire a high-profile retail asset with top-tier tenants in a dynamic market. The property is zoned C-C and has an APN of 1100-831-02-0000. The asking price is $6,515,000.

Highlights

  • 4,872 SF free-standing retail building in Fontana, CA, 100% occupied by Chipotle, Jersey Mike's, and Dragon Grill.
  • Triple-net lease with long-term contracts; includes a Chipotlane drive-thru and six EV charging stations.
  • Located on a 0.98-acre lot with 51 parking spaces at a signalized intersection with over 70,000 vehicles per day (VPD).
  • Strong demographics: over 140,000 residents within 3 miles, average household income exceeding $118,000; 4.75% cap rate, $309,480 NOI.
  • Built in 2024, minimal management burden due to NNN leases; zoned C-C, APN 1100-831-02-0000; asking price: $6,515,000.

Property Details for 8030 Cherry Ave

Property type
Retail properties
Square Feet
4,872 SF
Year Built
2024
Lot Size (sq. ft)
42,689 SF

Location Insight

City
Fontana
County
San Bernardino
State
California
Latitude
34.1079422
Longitude
-117.4888605

FAQs

What type of property is this?
Retail property - Triple-Net, 3-Tenant, High NOI
Where is the retail property located?
The property is located at 8030 Cherry Ave Fontana, CA.
What is the asking price?
The asking price for this property is $6,515,000.
What are key features of this property?
This property features: 4,872 SF free-standing retail building in Fontana, CA, 100% occupied by Chipotle, Jersey Mike's, and Dragon Grill.; Triple-net lease with long-term contracts; includes a Chipotlane drive-thru and six EV charging stations.; Located on a 0.98-acre lot with 51 parking spaces at a signalized intersection with over 70,000 vehicles per day (VPD).
How can I contact the broker?
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8030 Cherry Ave
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