5212 Moreno St Montclair, CA 91763

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.