8039 Monet Ave Rancho Cucamonga, CA 91739-8031

Property Details for 8039 Monet Ave

Year built

2007

Construction

STEEL FRAME

Lot size

0.65 lot acres

Property size

6,041 SF

Property type

Turn key restaurants

APN

1090-551-15-0000

APU

1090551150000

Description

This exceptional investment opportunity presents a 6,000 square foot Richie's Real American Diner located in Rancho Cucamonga, CA, at 8039 Monet Ave, 91739. The property sits on a 0.65-acre lot and boasts a highly desirable absolute NNN ground lease with a corporate guarantee, ensuring consistent cash flow. The current lease, initiated October 16, 2007, extends to December 31, 2032, with a remaining term of approximately 8.1 years. The lease includes three 5-year renewal options, and rent increases by 10% every five years. The property enjoys 100% occupancy, generating a strong net operating income (NOI) of $159,720, resulting in a 6.00% cap rate. Built in 2007, this diner benefits from its prime location adjacent to the 1.2 million square foot Victoria Gardens super-regional mall, providing exceptional visibility and accessibility. The property enjoys convenient access to major freeways, including I-15 (204,249 vehicles per day) and is near the I-10/I-15 intersection (475,717 vehicles per day). This location is part of a thriving retail corridor with major national retailers. The surrounding area demonstrates strong demographics, with 274,654 people within a 5-mile radius and an average household income of $118,322. The asking price for this leased fee ownership (land ownership) is $2,662,000. This is a rare opportunity to acquire a stable, high-performing investment property with significant long-term potential.

Location Insight

City

Rancho Cucamonga

County

San Bernardino

State

California

Longitude

-117.534

Latitude

34.1073

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments