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Views: 65 DOM: 371 Updated: 04.28.24 Posted: 05.12.23 Status: Active

Summary

Price $3,046,956
Built/Renov 2023
Tenant Zendejas Tacos
Cap Rate 5.75%
Lease Type NN+
Guarantor Corporate
Size/SF 2,336
Lease Start 05-01-2023
#Units 9
Price/SF $1,304.35
Expiration 04-30-2038
Tenant Type Fast Casual/Rest.
NOI $175,200
R. Term 13.11
Ownership Fee Simple
Rent/SF $75.00
Increases 10.0%/5/yrs
Pop 5Mi 280,837
Lot/AC 0.32
Options 3/5yrs/10%
AHHI 5Mi $64,066

Lease Highlights

  • Brand-new BTS 2023 construction for Zendejas Tacos
  • Tenant signed a new 15-year lease with 3 (5-year) options to extend
  • Lease features 10% rent increases every 5 years and at the start of option periods
  • Favorable NN+ lease with landlord responsibilities limited to roof & structure
  • Corporate guaranteed lease

Location Description

The brand new property is located at a highly visible signalized intersection of North Waterman Avenue and 29th Street, directly at the off ramp of the I-210 Freeway (130,000 VPD). The surrounding area is densely populated, with over 162,000 residents earning an average household income of $61,152 within a 3-mile radius. The site is adjacent to Winchell’s Donut House, with 7-Eleven and Mobile...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Zendejas Tacos
  • Guarantor:Corporate
  • Company:Zendejas Tacos
  • # Units:9
  • Stock:Private

About Tenant

Zendejas has served authentic Mexican food to the the Inland Empire region for more than 30 years. Since opening their first restaurant in 1982 in the city of Chino, California, the chain has been...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 20,507 169,328 284,573
2023 Total Population : 20,432 168,587 283,637
2023 Employed Civilian Pop : 8,898 70,708 117,729
2023 Total Businesses : 392 3,224 6,081
2023 Average Household Income : $ 79,649 $ 71,940 $ 75,696
2023 Total Consumer Spending : $ 413 M $ 3044 M $ 5279 M
2023 Median Age : 32 30 30
2023 Total Households : 5,950 48,391 79,737
2023 Pop Age 25+: Bachelor's Degree : 1,095 7,576 14,060
2023 Average Home Value : $ 401,733 $ 397,918 $ 396,575
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
210 2018 136,000 0.08 mi
CA 18 2021 26,600 0.08 mi
CA 18 2021 129,500 0.08 mi
30th Street N Lugo Ave 2021 26,600 0.19 mi
210 2018 150,000 0.19 mi
18 E 30th St 2018 27,000 0.21 mi
Valencia Ave E 29th St 2002 7,237 0.35 mi
Valencia Ave Mockingbird Ln 2002 5,440 0.38 mi
State Hwy 30 Valencia Ave 2010 105,000 0.40 mi
Waterman Avenue E 23rd St 2019 2,347 0.43 mi

Listing Broker

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