10123 Foothill Blvd, Rancho Cucamonga, CA 91730-3724

This exceptional Class B restaurant building presents a compelling investment opportunity in Rancho Cucamonga, CA. Built in 1984, the 7,221 square foot property sits on a 1.54-acre lot and boasts 105 parking spaces. Currently 100% occupied by a credit-rated tenant under a triple-net (NNN) lease, this single-tenant property offers a stable and predictable income stream. The lease, commencing January 12, 2023, has a remaining term of approximately 3.1 years, with a 10-year extension option. The current annual rent includes 2% increases, while the extension option offers 5% annual increases. The property's strong financial performance is reflected in its current NOI of $113,832 and a pro-forma NOI of $129,376, resulting in a cap rate of 4.28% and a pro-forma cap rate of 4.86%. The asking price is $2,660,000, translating to $368.37 per square foot. Located at 10123 Foothill Blvd, Rancho Cucamonga, CA 91730, this property benefits from high visibility and convenient access to major freeways (I-10, I-15, and 210), and proximity to Victoria Gardens. The property is zoned Corridor 1 (Form Based Zone) in San Bernardino County. This is a private ownership sale.