710 E 6th St - Restaurant FOR SALE


Corona, CA 92879
$895,000 USD
951-640-5616
710 E 6th St, Corona, CA for Sale
$895,000 USD
Restaurant - FOR SALE
1/27
null | 6.7% Cap Rate

710 E 6th St
Corona, CA 92879


HIGHLIGHTS

  • $60,000 NOI, NNN Lease, Expiring 12/31/2027 with no options to renew.
  • High visibility location one lot off corner of 6th & Grand, iconic, beloved property and business, tenant at location 40+ years.
  • Tenant has ROFR to match any non-governmental offer.
  • Tenant may consider selling business separately if an owner-user buyer is interested.
  • Private easement impacts the center of the property. See additional comments in Offering Memorandum.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$440 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Silver Dollar Pancake House

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

GC, General Commercial

APN/PARCEL ID

117-302-003

ASK ABOUT THIS PROPERTY

Steven Fontes, CCIMMission Property Advisors, Inc.More Info
951-640-5616

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Steven Fontes, CCIMMission Property Advisors, Inc.More Info
951-640-5616

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