35926 Winchester Rd, Winchester, CA 92596-7537
- Drive through restaurants
- 2,600 SF
- 0.94 lot acres
Current Use by Public Records
- Drive through restaurants
Property Details for 35926 Winchester Rd
- Year built
- 2023
- Construction
- WOOD
- Lot size
- 0.94 lot acres
- Property type
- Drive through restaurants
- APN
- 480-990-003
- APU
- 480990003
Description
This exceptional investment opportunity presents a brand-new, 3,500 square foot El Pollo Loco restaurant in French Valley, California. Located on Winchester Road (28,500 VPD), this drive-thru equipped property benefits from its position as an outparcel to the new French Valley Marketplace, alongside other national tenants like Grocery Outlet, McDonald's, and Chipotle. The property sits on a 0.94-acre lot with 34 parking spaces and boasts a new 20-year absolute NNN lease with a corporate guarantee from El Pollo Loco, commencing January 1st, 2025, and expiring December 31st, 2044. The lease includes two 5-year and one 4.5-year option periods, each with a 10% rent increase. The property features a $2,771,000 asking price, a 4.50% cap rate, and a current NOI of $124,687. The building, constructed in 2024, is zoned GC - General Commercial. The strong demographics of the area, including over 153,000 residents and 24,000 daytime employees within a 5-mile radius, and an average household income exceeding $150,000 within 3 miles, contribute to the property's significant investment potential. This is a management-free investment with built-in rent escalations, providing a secure and profitable opportunity for passive investors. The property's proximity to major retail centers and residential complexes further enhances its appeal and ensures consistent customer traffic. This is a rare opportunity to acquire a high-performing, newly constructed fast-food property with a long-term lease and significant upside potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,320,000
- ML approach
- $2,305,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,615,000 Current use
- COMMERCIAL (GENERAL)
- $2,660,000 Change: +65% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $2,240,000 Change: +39% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Winchester
- County
- Riverside
- State
- California
- Longitude
- -117.116
- Latitude
- 33.6003
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
