Corner Restaurant
For Sale
$2,615,000
15395 Foothill, Fontana, CA 92335
Signalized corner site with restaurant improvements, supplemental residential space, surface parking, and CG General Commercial zoning.
Property Size7,806 SF
Lot Size0.94 Acres
Price / SF$334
Days on Market11
Property Features for 15395 Foothill
General Information
Standard status
Active
Size
7,806 SF
Lot size
0.94 Acres
Property subtype
Retail
Zoning
CG
Site & Location
Corner Location
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$15,045
Amenities
Corner Lot.
30 Parking Spaces.
Level
220'x209'x183'x172'x
Paved. Corner, Paved Road, Level.
Building Details
Year Built
1915
Buildings
5
Listing Agency:
M G R REAL ESTATE
(909) 981-4466
Listed By:
DANIEL VALENZUELA · License #CA 01871441
Source:
Xome
Added: Jul 28
Changed: Aug 5
Last Checked: Aug 7 at 12:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of M G R REAL ESTATE
Investment Insights
Based on property information with market context.
This conventional restaurant property includes a 5,416-square-foot restaurant, a 1,175-square-foot single-family residence, a freestanding studio apartment, a four-car detached garage, and a small storage building. Combined improvements total approximately 7,806 square feet, excluding an additional basement area. The level, paved site contains approximately 40,844 square feet, or 0.94 acres, with more than 30 existing surface parking spaces.
The property occupies a signalized corner at the intersection of Cherry Avenue and Citrus Avenue in Fontana. Traffic volumes are approximately 32,630 vehicles per day on Cherry Avenue and 20,086 vehicles per day on Citrus Avenue. County CG (General Commercial) zoning supports a range of stated commercial use categories, including medical, retail, restaurant, professional office, automotive, and fuel station operations.
The property occupies a signalized corner at the intersection of Cherry Avenue and Citrus Avenue in Fontana. Traffic volumes are approximately 32,630 vehicles per day on Cherry Avenue and 20,086 vehicles per day on Citrus Avenue. County CG (General Commercial) zoning supports a range of stated commercial use categories, including medical, retail, restaurant, professional office, automotive, and fuel station operations.
Key Highlights
- 5,416± SF restaurant with 1,175± SF single‑family residence
- 40,844± SF (0.94± acre) corner parcel
- Approximately 7,806± SF of combined improvements
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$124,498
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,489,960
$2.5M
Cap Rate 7%
$1,778,543
$1.8M
Cap Rate 9%
$1,383,311
$1.4M
Market Conditions
NOI Build-Up for 7,806 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$173.3K $22.20/SF
− Vacancy
−$7.3K −$0.93/SF
EGI
$166.0K $21.27/SF
− OpEx
−$41.5K −$5.32/SF
NOI
$124.5K $15.95/SF
Area
Fontana, CA
Vacancy
4.21%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,489,960
Cap Rate 7%
$1,778,543
Cap Rate 9%
$1,383,311
Alternative Uses
Best Use
Specialty Retail
$1.78M
$1.56M – $2.07M
NOI $124,498 @ 7.0% cap · market cap 4.76%
Second Best
Retail
$1.66M
$1.45M – $1.94M
NOI $116,198 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $158,999 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
206k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 44%
Dining 42%
Shops & Services 14%
WinCo Foods
Groceries
91,421 visits/mo
0.1 miles
McDonald's
Dining
40,528 visits/mo
0.1 miles
Chipotle Mexican Grill
Dining
18,061 visits/mo
0.2 miles
Jack in the Box
Dining
16,002 visits/mo
0.1 miles
Farmer Boys
Dining
11,996 visits/mo
0.2 miles
Demographics for 92335, CA
96,605
Population
25,861
Households
3.7
Avg Household Size
31
Median Age
10%
College-Educated
67%
High-School Grad
17.5 sq mi
ZIP Area
5,520
Density / Sq Mi
$75,198
Median Household Income
$35,912
Median Earnings
$1,636
Median Rent
$433,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Signalized corner site with restaurant improvements, supplemental residential space, surface parking, and CG General Commercial zoning.
Where is this conventional restaurant located?
The property is located at 15395 Foothill Fontana, CA.
What is the asking price?
The asking price for this property is $2,615,000.
What are key features of this property?
This property features: 5,416± SF restaurant with 1,175± SF single‑family residence; 40,844± SF (0.94± acre) corner parcel; Approximately 7,806± SF of combined improvements
