10123 Foothill BlvdRancho Cucamonga, CA 91730

Property Details for 10123 Foothill Blvd

Year built

1984

Construction

WOOD FRAME

Lot size

1.54 AC

Property size (Sq ft)

7,221 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

0208-331-27-0000

APU

208331270000

Description

This exceptional Class B restaurant building presents a compelling investment opportunity in Rancho Cucamonga, CA. Built in 1984, the 7,221 square foot property sits on a 1.54-acre lot and boasts 105 parking spaces. Currently 100% occupied by a credit-rated tenant under a triple-net (NNN) lease, this single-tenant property offers a stable and predictable income stream. The lease, commencing January 12, 2023, has a remaining term of approximately 3.1 years, with a 10-year extension option. The current annual rent includes 2% increases, while the extension option offers 5% annual increases. The property's strong financial performance is reflected in its current NOI of $113,832 and a pro-forma NOI of $129,376, resulting in a cap rate of 4.28% and a pro-forma cap rate of 4.86%. The asking price is $2,660,000, translating to $368.37 per square foot. Located at 10123 Foothill Blvd, Rancho Cucamonga, CA 91730, this property benefits from high visibility and convenient access to major freeways (I-10, I-15, and 210), and proximity to Victoria Gardens. The property is zoned Corridor 1 (Form Based Zone) in San Bernardino County. This is a private ownership sale.

Location Insight

City

Rancho Cucamonga

County

San Bernardino

State

California

Latitude

34.1061

Longitude

-117.584

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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