403 N Pepper Ave - Retail FOR SALE


Colton, CA 92324
$3,454,000 USD
949-230-1487
403 N Pepper Ave, Colton, CA for Sale
$3,454,000 USD
Retail - FOR SALE
1/16
null | 5.35% Cap Rate

403 N Pepper Ave
Colton, CA 92324


HIGHLIGHTS

  • Two-Tenant Drive-Thru Equipped Pad | Waba Grill (196 Units) | Buffalo Spot (37 Units) | Strong Guaranties
  • Dynamic Retail Destination Colton City Hub Centre | Arco AMPM Gas Station | Next to 100-Room Hotel Development | Strong Real Estate Fundamentals
  • Signalized Intersection (38,570 VPD) | Right Off Interstate-10 On/Off Ramp (209,000 VPD)
  • Arrowhead Medical Center (456 Beds) | Adjacent to 2 Hotel Developments | Dense Retail Corridor
  • Strong Demographics in 5-Mile Trade Area | Inland Empire

OVERVIEW

• The subject property is a 100% occupied, 2-tenant QSR pad equipped with a drive-thru • WaBa Grill (Operates 196 Units in 3 States) • Drive-Thru Equipped which dramatically increases Sales and customer throughput • 5-years into a 10 year lease with 10% increases every 5-years • The Buffalo Spot (Operates 37 Units in 2 States) • End Cap Location with Premier Visibility on N Pepper Ave • 5-years into a 10 year lease with 10% increases every 5-years • The property features a 4.6-year weighted average lease term (WALT), reducing near-term rollover risk and providing income stability • Both leases are NNN in nature and include 2 (5-year) options with 10% rental increases, providing a future investor with a hedge against inflation and limiting the possibility of expense leakage

FOR SALE DETAILS

PRICE

$3,454,000 USD

PRICE/SF

$902 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Waba Grill & The Buffalo Spot

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

-

APN/PARCEL ID

0254-071-69

ASK ABOUT THIS PROPERTY

Alexander MooreSRS National Net LeaseMore Info
949-230-1487

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Alexander MooreSRS National Net LeaseMore Info
949-230-1487

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