Silver Dollar Pancake House presents a rare opportunity to acquire a fully leased restaurant property in the heart of Corona, California. Situated along the heavily traveled 6th Street corridor, the property bene?ts from prime street frontage, ample on-site parking, and proximity to the 91 and 15 Freeways.
The approximate ±2,768 square foot building sits on a generous ±0.57-acre lot and is currently occupied by a long-term tenant operating a beloved local restaurant. The tenant has been af?liated with the establishment for over 40 years and continues to lease the property under a NNN (Triple Net lease) structure at $5,000/month. The lease runs through December 31, 2027, with no options to extend and no built-in escalations. The tenant maintains a Right of First Refusal (ROFR) on any offers submitted, and there is a private drainage easement that runs in a south-north direction near the center of the property that can’t be built over, but can be used for parking.
The property generates $60,000 in annual net operating income and is offered at an attractive 6.70% cap rate. Zoned GC (General Commercial) within the Downtown Revitalization Speci?c Plan, the site’s mixed use - land use offers ?exibility for future repositioning or owner-user occupancy after lease expiration. Additionally, the tenant may be open to selling the business separately at an additional cost if desired by a future owner-user buyer.
With iconic branding, longstanding tenant history, and a high-visibility location in an evolving downtown district, this asset offers both stability and long-term potential.