870 Main St Corona, CA 92878

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.