35926 Winchester RdWinchester, CA 92596

Property Details for 35926 Winchester Rd

Year built

2023

Construction

WOOD

Lot size

0.94 AC

Property size (Sq ft)

2,600 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

480-990-003

APU

480990003

Description

This exceptional investment opportunity presents a brand-new, 3,500 square foot El Pollo Loco restaurant in French Valley, California. Located on Winchester Road (28,500 VPD), this drive-thru equipped property benefits from its position as an outparcel to the new French Valley Marketplace, alongside other national tenants like Grocery Outlet, McDonald's, and Chipotle. The property sits on a 0.94-acre lot with 34 parking spaces and boasts a new 20-year absolute NNN lease with a corporate guarantee from El Pollo Loco, commencing January 1st, 2025, and expiring December 31st, 2044. The lease includes two 5-year and one 4.5-year option periods, each with a 10% rent increase. The property features a $2,771,000 asking price, a 4.50% cap rate, and a current NOI of $124,687. The building, constructed in 2024, is zoned GC - General Commercial. The strong demographics of the area, including over 153,000 residents and 24,000 daytime employees within a 5-mile radius, and an average household income exceeding $150,000 within 3 miles, contribute to the property's significant investment potential. This is a management-free investment with built-in rent escalations, providing a secure and profitable opportunity for passive investors. The property's proximity to major retail centers and residential complexes further enhances its appeal and ensures consistent customer traffic. This is a rare opportunity to acquire a high-performing, newly constructed fast-food property with a long-term lease and significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,050,440

  6.5%

  $969,637

  7%

  $900,377

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,149,368

  Geo Method

  $2,306,108

• Alternative Use

  Use

  Valuation

  Residential

  $817,925

  Hospitality

  $749,215

  Educational

  $623,338

  Medical

  $644,776

  Retail

  $969,637

Location Insight

City

Winchester

County

Riverside

State

California

Latitude

33.6003

Longitude

-117.116

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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