20330 Temescal Canyon Rd - Specialty FOR SALE


Corona, CA 92881- El Cerrito
$3,364,485 USD
909-456-3476
20330 Temescal Canyon Rd, Corona, CA for Sale
$3,364,485 USD
Specialty - FOR SALE
1/10
null | 5.35% Cap Rate

20330 Temescal Canyon Rd
Corona, CA 92881
El Cerrito


HIGHLIGHTS

  • TOP 10 FRANCHISEE IN SYSTEM | MULTI UNIT OPERATOR | PROJECTED HIGH PERFORMING UNIT SALES | GROWING TENANT
  • FEE SIMPLE INVESTMENT | ZERO LANDLORD RESPONSIBILITIES | BRAND NEW 25-YEAR LEASE
  • GROWING COMPANY WITH OVER 320+ LOCATIONS THROUGHOUT THE USA | STRONG UNIT ECONOMICS | EXPERIENCED FRANCHISEE
  • RARE SOUTHERN CALIFORNIA MARKET | CITY OF CORONA INLAND EMPIRE) | CALIFORNIA INFILL MARKET | HIGH AVERAGE INCOMES

OVERVIEW

TOP 10 FRANCHISEE IN SYSTEM | MULTI UNIT OPERATOR | PROJECTED HIGH PERFORMING UNIT SALES | GROWING TENANT Experienced Operator with more than 25 Years of Experience within the restaurant and multi-unit operation space within Southern California. Multi Unit & Brand operator with over more than 25+ units across multiple concepts that they operate throughout California, Texas, Utah, and New Mexico. Franchisee intends to continue growing further Wienerschnitzel locations. Guarantee will grow over time. Projected sales at this location place it in the top 10% of all Wienerschnitzel’s in the country. FEE SIMPLE INVESTMENT | ZERO LANDLORD RESPONSIBILITIES | BRAND NEW 25-YEAR LEASE Fee Simple Ownership - Land and Building for Sale. Zero Landlord Responsibilities - Tenant to pay Taxes, Insurance, and Maintain the Property. 25-Year Original Lease Term Starting at Close of Escrow. Attractive Rental Increases of 10% Every 5 Years. Hedge Against Inflation and Low Risk Investment for “Mailbox” Investment Income GROWING COMPANY WITH OVER 320+ LOCATIONS THROUGHOUT THE USA | STRONG UNIT ECONOMICS | EXPERIENCED FRANCHISEE Wienerschnitzel now has 320+ stores operating across the US and has commitments to continue opening new stores through expanding their franchise network. Subject property is currently under construction and expected to open in Q1 of 2025. Average Unit Volume (AUV’s) for Wienerschnitzel is currently over $1.5M but locations with strong real estate tend to outperform. Expected sales at this location are north of $2.0M annually. Average EBITDA margins for Wienerschnitzel are often above 20%, significantly higher than most other QSR brands as their cost of goods sold is extremely low and less employees per location are required. RARE SOUTHERN CALIFORNIA MARKET | CITY OF CORONA INLAND EMPIRE) | CALIFORNIA INFILL MARKET | HIGH AVERAGE INCOMES Corona is part of the larger Inland Empire which consists of San Bernardino County as well as Riverside County. Combined these two counties have a total population of over 4.6 million people. Average household incomes exceed $178,000/annually in the 3-mile radius from the subject property. New construction drive-thru properties are extremely difficult to construct and open in this market tenant cannot easily move to another location and backfill opportunities are plenty.

FOR SALE DETAILS

PRICE

$3,364,485 USD

PRICE/SF

$3,899 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wienerschnitzel - Corona, CA

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

M2, Corona

APN/PARCEL ID

279-530-031

ASK ABOUT THIS PROPERTY

Neil NaranValue Net Lease PartnersMore Info
909-456-3476

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Neil NaranValue Net Lease PartnersMore Info
909-456-3476

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.