8070 Monet Ave - Fast Food FOR SALE


Rancho Cucamonga, CA 91739- Victoria Gardens
$4,950,000 USD
901-277-3093
8070 Monet Ave, Rancho Cucamonga, CA for Sale
$4,950,000 USD
Fast Food - FOR SALE
1/9
null | Request Cap Rate

8070 Monet Ave
Rancho Cucamonga, CA 91739
Victoria Gardens


HIGHLIGHTS

  • Corporate Lease – lease signed by McDonald’s USA, LLC
  • Investment-Grade Credit | S&P: BBB+ | Moody’s: Baa1
  • ±9 Years of Primary Lease Term Remaining
  • 14+ Million Annual Visitors at Victoria Gardens
  • High-Traffic Historic Route 66 Frontage | ±65,000 CPD

OVERVIEW

Progressive Real Estate Partners is pleased to present the opportunity to acquire the leased-fee interest in an irreplaceable McDonald’s outparcel to Victoria Gardens, secured by a corporate ground lease with McDonald’s USA, LLC, an investment-grade tenant rated BBB+ by S&P and Baa1 by Moody's. The property is positioned at Rancho Cucamonga’s ±1.2 million SF premier lifestyle destination, home to 160 retailers and restaurants and 14M+ visitors annually. The investment offers 9 years of remaining lease term, 10% rent increases every five years, and current annual ground rent of $163,350, substantially below estimated $300,000+ market rent, creating embedded rental upside, intrinsic real estate value, and downside protection. The site benefits from ±65,000 CPD on Foothill Boulevard and ±194,260 CPD on I-15, with average household incomes exceeding $144,000 within 3 and 5 miles.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$1,242 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

McDonald's Outparcel to Victoria Gardens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,365 SF

ZONING

-

APN/PARCEL ID

1090-551-10

ASK ABOUT THIS PROPERTY

Lance MordachiniProgressive Real Estate PartnersMore Info
901-277-3093

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Lance MordachiniProgressive Real Estate PartnersMore Info
901-277-3093

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