870 Main St Corona, CA 92878-5841
Property Lookup
Property profile & analytics
870 Main St Corona, CA 92878-5841
- Retail space
- 2,657 SF
- 0.46 lot acres
Property ID
US09-3500404
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Roll-Em-Up Taquitos / Restaurant
- The Habit Burger Grill / Restaurant / Take-out & Catering
Property Details for 870 Main St
- Year built
- 2021
- Construction
- WOOD
- Lot size
- 0.46 lot acres
- Property size
- 2,657 SF
- Property type
- Retail space
- APN
- 122-061-012
- APU
- 122061012
Description
Exceptional investment opportunity: a 2,650 square foot Habit Burger Grill in Corona, CA, boasting a strong 4.35% cap rate and a substantial 17-year remaining lease term (with options) on a fee-simple property. Built in 2022, this single-tenant, triple-net (NNN) leased property features a drive-thru and is situated on a 0.57-acre lot with 23 parking spaces. The lease includes 10% rent bumps every five years, beginning in 2026, resulting in an average cap rate of 5.14% over the initial lease term. The Habit Burger Grill, a subsidiary of Yum! Brands, benefits from a prime location within a thriving retail corridor, surrounded by major national retailers and numerous residential communities, including several luxury apartment complexes. The property enjoys high daily traffic counts due to its proximity to major freeways (I-91 and I-15) and a robust daytime population. The Inland Empire's strong economy, driven by manufacturing, distribution, and logistics, further enhances the investment's appeal. This offering presents a rare opportunity to acquire a well-positioned, high-performing asset with significant long-term growth potential. The property's address is 870 N Main St, Corona, CA 92878, and the APN is 122-061-012. The lease expires December 1, 2041, and includes two five-year renewal options. The property's net operating income (NOI) is $182,148. The asking price is $4,187,000. The drive-thru component is enhanced by an easement on an adjacent parcel, ensuring exclusive use. The Habit Burger Restaurants LLC (corporate) remains liable per the lease.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Corona
- County
- Riverside
- State
- California
- Longitude
- -117.564
- Latitude
- 33.8953
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$41,121
$616,117
$1,943,508
$2,559,625
-
$0.00
$0.00
$0.00
