Available For Sale - Retail

2,164 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
2,164 SF
Price/SF
Show Pricing $
Listing ID
SA465327
Notes
IN ESCROW



PROPERTY ADDRESS: 10020 Cherry Ave., Fontana CA

LEASE TYPE: Absolute NNN (Ground Lease)

PRICE: $3,400,000

LOT SIZE: approx. 38,896 SF

BUILT : 2006

BUILDING SIZE: approx. 2,164 SF

LEASE TERM: 20 years

OPTION TO EXTEND: 4 five (5) years

ADDITIONAL COSTS: None, absolute NNN

LEASE COMMENCEMENT DATE: December 18, 2005

CURRENT MONTHLY RENT: $11923.54/mo ($143,082.48

annual) 4.2% Cap Rate

LEASE EXPIRATION DATE: December 31, 2025

REMAINING LEASE TERM: 4 years and 6 months (Plus 4 five-year options [20 years])

APN: 0234-071-39



SPECIAL FEATURES

• A block away from 10 Fwy & 15 Fwy

• Close proximity to AAA Speedway

• Strong Tenant Financial (30+ Papa John’s Pizza

franchise operator)

• Absolute NNN Ground Lease

• Open 24 hours (Drive - Through)

• Ownership has not been changed for 15 years
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
John Son, Lee & Associates