401 Foothill Blvd Pomona, CA 91767
- Turn key restaurants
- 5,755 SF
- 1.02 lot acres
Current Use by Public Records
- Smoke and Fire Social Eatery / Barbecue Restaurant / Restaurant
- Smoke and Fire BBQ / Barbecue Restaurant
- Pomona's Best Burgers & more / Fast Food Restaurant
Property Details for 401 Foothill Blvd
- Year built
- 1976
- Construction
- WOOD
- Lot size
- 1.02 lot acres
- Property size
- 5,755 SF
- Zone code
- POC4-R3200
- Property type
- Turn key restaurants
- APN
- 8304-014-015
- APU
- 8304014015
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,435,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,675,000
- 6.5%
- $2,630,000
- 7%
- $2,470,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,310,000
- Geo Method
- $2,320,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,910,000
- Retail
- $2,390,000
- Mixed-Use
- $2,730,000
- Hospitality
- $2,365,000
- Educational
- $2,580,000
- Residential Income
- $2,535,000
- Energy
- $2,845,000
- Income-Based Land
- $2,860,000
- Food Service
- $2,950,000
Location Insight
- Map
- Local Demand
- City
- Pomona
- County
- Los Angeles
- State
- California
- Longitude
- -117.742
- Latitude
- 34.1075
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
