Richie's Real American Diner | 8039 Monet Ave
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Richie's Real American Diner 8039 Monet Ave
6,000 SF Retail Building Rancho Cucamonga, CA 91739 $2,662,000 ($444/SF) 6% Cap Rate
Investment Highlights
- Richie’s Real American Diner | Established Family-Owned & Operated Authentic American Diner w/ a 33 year Operating History | 3 S California Locations
- Dominant Retail Location Adjacent to Victoria Gardens, a 1.2M SF Super Regional Mall
- 3 Miles from the I-10/I-15 Intersection (475,717 VPD) | Main-on-Main Retail Corridor with all Major National Retailers Present
- NNN (Ground Lease) | 20-Year Primary Term plus 3 (5-Year) Options | 10.00% Rental Increases every 5 years
- Irreplaceable Retail Location with Excellent Visibility & Access | Direct On/Off Ramp Access to I-15 (204,249 VPD) along W Foothill Blvd (62,305 VPD)
- Located 37 Miles East of Downtown Los Angeles | Diverse & Dynamic Economic Center | Strong Demographics in Trade Area
Executive Summary
Newmark, as an exclusive advisor, is pleased to present the opportunity to acquire a single-tenant, net leased Richie’s Real American Diner in Rancho Cucamonga, CA.
NNN (GL) Lease Structure
8.2 Years Lease Term Remaining
Leased Fee Ownership Interest
NNN (GL) Lease Structure
8.2 Years Lease Term Remaining
Leased Fee Ownership Interest
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
B
Year Built
2007
Price
$2,662,000
Price Per SF
$444
Cap Rate
6%
NOI
$159,720
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Land Acres
0.65 AC
Parking
16 Spaces (2.67 Spaces per 1,000 SF Leased)
Frontage
143 FT on Monet Ave
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Signalized Intersection
Walk Score ®
Very Walkable (75)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1090-551-15 | Improvements Assessment | $3,937,127 |
| Land Assessment | $656,187 | Total Assessment | $4,593,314 |
PROPERTY TAXES
Parcel Number
1090-551-15
Land Assessment
$656,187
Improvements Assessment
$3,937,127
Total Assessment
$4,593,314
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Matt Berres -
Samer Khalil -
Karick Brown -
Newmark
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Richie's Real American Diner | 8039 Monet Ave
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