For Sale
$3,600,000

20330 Temescal Canyon RdCorona, CA 92881

Brand new Wienerschnitzel, 25-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, fee-simple owned Wienerschnitzel restaurant in Corona, CA. The property boasts an 863 square foot building on a 0.75-acre lot, constructed in 2024. A 25-year absolute triple-net (NNN) lease is in place with a highly successful, top-performing franchisee with over 25 years of experience and a proven track record of operating multiple units across various brands. The lease features a 10% rent increase every five years, providing a hedge against inflation. The tenant is a multi-unit operator with a significant portfolio exceeding 25 units across multiple states. Projected annual sales are expected to exceed $2 million, placing this location within the top 10% of all Wienerschnitzel restaurants nationwide. The property enjoys a prime location in Corona, within a high-income area, and benefits from the strong brand recognition and operational efficiency of Wienerschnitzel. The current NOI is $180,000, resulting in a 5.00% cap rate. This is a rare opportunity to acquire a high-performing, low-risk, net-lease investment in a thriving Southern California market. The lease includes options to extend for six or ten years. The property is 100% occupied. This is a truly exceptional opportunity for a passive income investment with significant long-term growth potential. The property is located at 20330 Temescal Canyon Rd, Corona, CA 92881.

Highlights

  • Top 10 Wienerschnitzel franchisee with 25+ years experience operating multiple units in Southern California.
  • Multi-unit operator with 25+ units across multiple brands in four states.
  • Franchisee plans continued Wienerschnitzel expansion, guaranteeing future growth.
  • Projected sales place this location in the top 10% of all Wienerschnitzel units nationwide.
  • Fee simple ownership; triple-net lease: tenant pays taxes, insurance, and maintenance.
  • Brand new 25-year lease with 10% rent bumps every 5 years.

Property Details for 20330 Temescal Canyon Rd

Property type
Retail properties, Restaurants
Square Feet
863 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
32,670 SF
Units
1

Location Insight

City
Corona
County
Riverside
State
California
Latitude
33.825017938582
Longitude
-117.51092542051
20330 Temescal Canyon Rd, Corona, California

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20330 Temescal Canyon Rd
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