5212 Moreno St Montclair, CA 91763

Property Details for 5212 Moreno St

Year built

2024

Lot size

0.28 lot acres

Property size

3,950 SF

Property type

Commercial real estate

APN

100815105

Description

This exceptional investment opportunity presents the chance to acquire the leased fee interest (land ownership) in a brand-new, 3,950 square foot Panera Bread restaurant in Montclair, California. The property boasts a 15-year absolute NNN lease with three 5-year renewal options, commencing June 30, 2024, and expiring June 30, 2039. The lease includes a 10% rent increase every five years, providing built-in protection against inflation and consistent NOI growth. With zero landlord responsibilities, this is an ideal passive investment. The property is situated on a 0.28-acre lot at a signalized intersection averaging over 62,600 vehicles per day, offering excellent visibility. It's an outparcel to a high-performing Target store and near other national retailers, including Costco, Home Depot, and Best Buy. The location benefits from strong demographics, with a 5-mile radius boasting a population exceeding 452,100 and an average household income of $113,944. Nearby residential developments (800+ units) further solidify the property's strong consumer base. The property features a drive-thru and was built in 2024, with a permitted zoning of SP Specific Plan. The current NOI is $289,000, resulting in a 4.50% cap rate, and the asking price is $6,422,000. The property's APN is 100815105. This investment offers a compelling combination of strong tenant, favorable lease terms, and a prime location in a thriving retail corridor.