401 Foothill BlvdPomona, CA 91767

Property Details for 401 Foothill Blvd

Year built

1976

Construction

WOOD

Lot size

1.02 AC

Property size (Sq ft)

5,755 SF

Zone code

POC4-R3200

Property type

Retail properties

Property subtype

Turn key restaurants

APN

8304-014-015

APU

8304014015

Description

This exceptional investment opportunity presents a freestanding restaurant building in Pomona, CA, boasting a 5,755 square foot space on a substantial 1.019-acre lot. The property features a strong, long-term absolute NNN lease with a corporate guarantee, providing significant stability and consistent income. The current lease, expiring April 30, 2036, includes a remaining term of approximately 11.4 years, with built-in 2% annual rent increases, ensuring consistent income growth. The property's Net Operating Income (NOI) is $144,000, yielding a 5.24% cap rate at an asking price of $2,750,000. Built in 1976 and renovated in 2021, the single-story building sits on a highly visible corner lot at a signalized intersection on busy Foothill Boulevard. The expansive lot size presents significant redevelopment potential. The property's CG zoning permits high-density residential development (up to 40 units per acre), offering substantial future development opportunities beyond the existing restaurant. The lease includes a 5 + 5 year option. All information should be verified with the City of Pomona.

• CAP approach

  CAP return

  Valuation

  6%

  $2,107,046

  6.5%

  $1,944,965

  7%

  $1,806,039

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,458,925

  Geo Method

  $2,757,814

• Alternative Use

  Use

  Valuation

  Residential

  $1,640,651

  Hospitality

  $1,502,828

  Educational

  $1,250,335

  Medical

  $1,293,336

  Retail

  $1,944,965

Location Insight

City

Pomona

County

Los Angeles

State

California

Latitude

34.1075

Longitude

-117.742

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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