401 Foothill Blvd Pomona, CA 91767-1217

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.