20330 Temescal Canyon RdCorona, CA 92881

Property Details for 20330 Temescal Canyon Rd

Year built

2024

Lot size

0.75 AC

Property size (Sq ft)

863 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Corona

County

Riverside

State

California

Latitude

33.825

Longitude

-117.511

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