20330 Temescal Canyon Rd Corona, CA 92881
- Retail properties
- 863 SF
- 0.75 lot acres
Current Use by Public Records
- Wienerschnitzel / Fast Food Restaurant
- Irontrac Heavy Equipment / Building Materials Supplier
Property Details for 20330 Temescal Canyon Rd
- Year built
- 2024
- Lot size
- 0.75 lot acres
- Property size
- 863 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, fee-simple owned Wienerschnitzel restaurant in Corona, CA. The property boasts an 863 square foot building on a 0.75-acre lot, constructed in 2024. A 25-year absolute triple-net (NNN) lease is in place with a highly successful, top-performing franchisee with over 25 years of experience and a proven track record of operating multiple units across various brands. The lease features a 10% rent increase every five years, providing a hedge against inflation. The tenant is a multi-unit operator with a significant portfolio exceeding 25 units across multiple states. Projected annual sales are expected to exceed $2 million, placing this location within the top 10% of all Wienerschnitzel restaurants nationwide. The property enjoys a prime location in Corona, within a high-income area, and benefits from the strong brand recognition and operational efficiency of Wienerschnitzel. The current NOI is $180,000, resulting in a 5.00% cap rate. This is a rare opportunity to acquire a high-performing, low-risk, net-lease investment in a thriving Southern California market. The lease includes options to extend for six or ten years. The property is 100% occupied. This is a truly exceptional opportunity for a passive income investment with significant long-term growth potential. The property is located at 20330 Temescal Canyon Rd, Corona, CA 92881.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Corona
- County
- Riverside
- State
- California
- Longitude
- -117.511
- Latitude
- 33.825
