950 Monte Vista ave - Retail FOR SALE


Upland, CA 91786
$4,290,000 USD
818-281-7893
950 Monte Vista ave, Upland, CA for Sale
$4,290,000 USD
Retail - FOR SALE
1/6
null | 5.25% Cap Rate

950 Monte Vista ave
Upland, CA 91786


HIGHLIGHTS

  • Brand-New (20-Year) Corporately Guaranteed Lease with Three (5-Year) Renewal Options and Scheduled Rental Increases
  • Absolute NNN Ground Lease with Zero Landlord Responsibilities
  • Premier Upland, Southern California Location - 1.5 miles from Whole Foods Market and adjacent to prestigious Claremont Colleges campus
  • Strong National Tenant / Corporate Guarantee - Quick Quack Car Wash owns and operates more than 330~ locations across Western United States
  • Affluent, Master-Planned Trade Area with strong demographics, including more than 380,000 residents and an average household income exceeding $118,700
  • Large 1.49-Acre Parcel - The site is strategically positioned and wraps the signalized, hard-corner intersection of Historic Route 66

OVERVIEW

Brand New, Long-Term (20-Year) Absolute NNN Ground Lease with Strong Corporate Lease (Quick Quack Car Wash Holdings, LLC) Brand-New (20-Year) Corporately Guaranteed Lease with Three (5-Year) Renewal Options and Scheduled Rental Increases Absolute NNN Ground Lease with Zero Landlord Responsibilities Premier Upland, Southern California Location - 1.5 miles from Whole Foods Market and adjacent to prestigious Claremont Colleges campus Affluent, Master-Planned Trade Area with strong demographics, including more than 380,000 residents and an average household income exceeding $118,700 Large 1.49-Acre Parcel - The site is strategically positioned and wraps the signalized, hard-corner intersection of Historic Route 66 (Foothill Boulevard) and Monte Vista Avenue, with traffic counts exceeding 45,100 vehicles per day Strong National Tenant / Corporate Guarantee - Quick Quack Car Wash owns and operates more than 330~ locations across Arizona, California, Colorado, Texas, and Utah, with continued expansion throughout the Western United States following an $850 million investment from KKR in 2024, positioned to become dominant national chain Long-Term Tenant Commitment demonstrated by the execution of a brand-new 20-year lease with three (5-year) renewal options Built-In Rental Growth featuring 10% rent increases every five years throughout the initial lease term and at the commencement of each renewal option, providing predictable NOI growth and a hedge against inflation Passive Investment Opportunity with an absolute NNN lease structure, eliminating landlord management responsibilities while providing stable, long-term cash flow

FOR SALE DETAILS

PRICE

$4,290,000 USD

PRICE/SF

$1,192 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Brand New (20-Year) Abs NNN Corporate Lease -

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.49 AC

LAND SF

64,904 SF

ZONING

-

APN/PARCEL ID

1007-021-11

ASK ABOUT THIS PROPERTY

Nick D'ArgenzioBlvd Real Estate Investment Co.More Info
818-281-7893

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Nick D'ArgenzioBlvd Real Estate Investment Co.More Info
818-281-7893

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