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OFF-MARKET
Retail properties & Spaces

20330 Temescal Canyon Rd Corona, CA 92881

863 SF 0.75 ac lot Built 2024
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2024
Total area 863 SF
Lot 0.75 ac (32,670 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Wienerschnitzel Restaurant Take-out & Catering
  • Irontrac Heavy Equipment Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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