8030 Cherry Ave Fontana, CA 92335

Property Details for 8030 Cherry Ave

Year built

2024

Lot size

0.98 lot acres

Property size

4,872 SF

Property type

Commercial real estate

APN

1100-831-02-0000

Description

This exceptional investment opportunity features a newly constructed, 4,872 square foot, free-standing retail building in Fontana, CA. The property is 100% occupied by three strong fast-casual tenants: Chipotle, Jersey Mike's, and Dragon Grill. The building includes a drive-thru Chipotlane and six EV charging stations with long-term leases. Situated on a 0.98-acre lot with 51 parking spaces, the property benefits from a prime location at a signalized intersection with over 70,000 vehicles passing daily. The property boasts a 4.75% cap rate and a strong NOI of $309,480. Built in 2024, this triple-net leased property offers minimal management burden with all common area maintenance expenses passed through to tenants. The strong demographics of the area, with over 140,000 residents within a 3-mile radius and an average household income exceeding $118,000, contribute to the property's long-term stability and potential for appreciation. The property's location in Fontana, a thriving logistics and e-commerce hub in Southern California, further enhances its investment appeal. This is a rare opportunity to acquire a high-profile retail asset with top-tier tenants in a dynamic market. The property is zoned C-C and has an APN of 1100-831-02-0000. The asking price is $6,515,000.