10811-10831 Foothill BlvdRancho Cucamonga, CA 91730

Property Details for 10811-10831 Foothill Blvd

Year built

2003

Lot size

1.31 AC

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional Rancho Cucamonga investment opportunity features a 6,508 square foot property housing a Starbucks and a Chipotle, both with drive-thrus. The property boasts a strong 4.75% cap rate and a substantial Net Operating Income (NOI) of $314,393. Built in 2003, this multi-tenant retail property sits on a 1.31-acre lot at 10811-10831 Foothill Boulevard, 91730, a prime retail corridor with over 32,000 cars passing daily. Both tenants hold corporate leases, demonstrating long-term commitment. Starbucks recently expanded to 4,000 square feet and signed a new 10-year lease with 10% rent increases every five years. Chipotle's lease has nine years remaining, recently extended by five years. The property benefits from its location across from Terra Vista Town Center, a top-performing power center anchored by major retailers like Target, Hobby Lobby, and LA Fitness. This affluent area boasts over 276,000 residents within a 5-mile radius, with an average household income exceeding $113,000. The property's strategic location offers easy access to major freeways (I-10, I-15, and I-215) and proximity to a significant regional industrial hub. This is a rare opportunity to acquire a high-performing, multi-tenant retail property with exceptional long-term growth potential in one of the fastest-growing regions in the nation. The asking price is $6,620,000. The property is offered as a Triple Net (NNN) lease.

Location Insight

City

Rancho Cucamonga

County

San Bernardino

State

California

Latitude

34.1058

Longitude

-117.569

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