8039 Monet AveRancho Cucamonga, CA 91739

Property Details for 8039 Monet Ave

Year built

2007

Construction

STEEL FRAME

Lot size

0.65 AC

Property size (Sq ft)

6,041 SF

Property type

Turn key restaurants

APN

1090-551-15-0000

APU

1090551150000

Description

This exceptional investment opportunity presents a 6,000 square foot Richie's Real American Diner located in Rancho Cucamonga, CA, at 8039 Monet Ave, 91739. The property sits on a 0.65-acre lot and boasts a highly desirable absolute NNN ground lease with a corporate guarantee, ensuring consistent cash flow. The current lease, initiated October 16, 2007, extends to December 31, 2032, with a remaining term of approximately 8.1 years. The lease includes three 5-year renewal options, and rent increases by 10% every five years. The property enjoys 100% occupancy, generating a strong net operating income (NOI) of $159,720, resulting in a 6.00% cap rate. Built in 2007, this diner benefits from its prime location adjacent to the 1.2 million square foot Victoria Gardens super-regional mall, providing exceptional visibility and accessibility. The property enjoys convenient access to major freeways, including I-15 (204,249 vehicles per day) and is near the I-10/I-15 intersection (475,717 vehicles per day). This location is part of a thriving retail corridor with major national retailers. The surrounding area demonstrates strong demographics, with 274,654 people within a 5-mile radius and an average household income of $118,322. The asking price for this leased fee ownership (land ownership) is $2,662,000. This is a rare opportunity to acquire a stable, high-performing investment property with significant long-term potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,071,384

  6.5%

  $1,912,046

  7%

  $1,775,472

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,378,134

  Geo Method

  $4,873,819

• Alternative Use

  Use

  Valuation

  Residential

  $1,612,883

  Hospitality

  $1,477,392

  Educational

  $1,229,173

  Medical

  $1,271,446

  Retail

  $1,912,046

Location Insight

City

Rancho Cucamonga

County

San Bernardino

State

California

Latitude

34.1073

Longitude

-117.534

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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