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    401 Foothill Blvd Pomona, CA 91767

    Sponsored
    For Sale
    $2,750,000

    High-yield restaurant, 11.4 years remaining.

    Property size:
    5,755 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a freestanding restaurant building in Pomona, CA, boasting a 5,755 square foot space on a substantial 1.019-acre lot. The property features a strong, long-term absolute NNN lease with a corporate guarantee, providing significant stability and consistent income. The current lease, expiring April 30, 2036, includes a remaining term of approximately 11.4 years, with built-in 2% annual rent increases, ensuring consistent income growth. The property's Net Operating Income (NOI) is $144,000, yielding a 5.24% cap rate at an asking price of $2,750,000. Built in 1976 and renovated in 2021, the single-story building sits on a highly visible corner lot at a signalized intersection on busy Foothill Boulevard. The expansive lot size presents significant redevelopment potential. The property's CG zoning permits high-density residential development (up to 40 units per acre), offering substantial future development opportunities beyond the existing restaurant. The lease includes a 5 + 5 year option. All information should be verified with the City of Pomona.

    Property Features for 401 Foothill Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    5,755 SF
    Lot Size
    44,388 SF

    Building Details

    Year Built/Renovated
    1976/2021
    Buildings
    1
    Stories
    1

    HighLights

    • Absolute NNN lease with corporate guarantee, providing long‑term stability through 2036.
    • 2% annual rent increases built into the lease.
    • Large 1.019‑acre lot offers redevelopment or expansion potential.
    • High‑density residential zoning (40 units/acre) allows for significant future development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Smoke and Fire Social ... Barbecue Restaurant Smoke and Fire BBQ Barbecue Restaurant Pomona's Best Burgers ... Fast Food Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pomona
    County
    Los Angeles
    State
    California
    Longitude
    -117.7418537
    Latitude
    34.107488

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    FAQs

    What type of property is this?
    Restaurant - High-yield restaurant, 11.4 years remaining.
    Where is this restaurant located?
    The property is located at 401 Foothill Blvd Pomona, CA.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: Absolute NNN lease with corporate guarantee, providing long-term stability through 2036.; 2% annual rent increases built into the lease.; Large 1.019-acre lot offers redevelopment or expansion potential.
    Request Owner's contact information
    401 Foothill Blvd Pomona, CA 91767
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    Pomona, CA 91767
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 Foothill Blvd Pomona, CA 91767
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