8070 Monet Ave Rancho Cucamonga, CA 91739-8030

Property Details for 8070 Monet Ave

Year built

2006

Construction

WOOD FRAME

Lot size

0.74 lot acres

Property size

3,763 SF

Property type

Drive through restaurants

APN

1090-551-10-0000

APU

1090551100000

Description

This exceptional investment opportunity presents a fee-simple ownership interest in a McDonald's ground lease located at 8070 Monet Ave, Rancho Cucamonga, CA 91739. The property boasts a 3,984 square foot building constructed in 2006 and renovated in 2015, situated on a 0.74-acre lot. The current lease, an absolute NNN ground lease with a credit-rated tenant, commenced April 21, 2015, and extends to June 21, 2035, offering a substantial remaining term of 10.6 years. The lease includes eight 5-year renewal options, with a 10% rent increase every five years, ensuring consistent income growth. The property generates a strong net operating income (NOI) of $163,350, resulting in a compelling 4.00% cap rate. This prime retail location benefits from its proximity to Victoria Gardens, a major super-regional mall, and enjoys excellent visibility and accessibility due to its direct access to major freeways, including I-15 and the I-10/I-15 intersection. The surrounding area demonstrates strong demographics, with a significant population and high average household income within a 5-mile radius. This is a rare opportunity to acquire a well-performing, low-risk investment with a highly reputable tenant in a thriving retail corridor. The asking price is $4,084,000.

Location Insight

City

Rancho Cucamonga

County

San Bernardino

State

California

Longitude

-117.536

Latitude

34.1068

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments