Roll-Em-Up Taquitos

860 North Main Street, Corona, CA 92878

$2,623,000

Cap Rate 5.00%

Views: 79 DOM: 159 Updated: 11.27.24 Posted: 07.15.24 Status: Active

Summary

Price $2,623,000	Built/Renov 2022	Tenant Roll-Em-Up Taquitos
Cap Rate 5.00%	Lease Type NN+	Guarantor Franchisee
Size/SF 2,533	Lease Start 05-13-2022	#Units 1
Price/SF $1,035.53	Expiration 03-12-2032	Tenant Type Fast Casual/Rest.
NOI $131,158	R. Term 7.2	Ownership Fee Simple
Rent/SF $51.78	Increases 12.5%/5/yrs	Pop 5Mi 266,698
Lot/AC 0.54	Options 2/5yrs/15%	AHHI 5Mi $130,246

Lease Highlights

2022 Construction
Tenant has 7+ years remaining on primary term with 2 (5-year) options to extend
The lease features a 12.5% rent increase every 5 years | Next increase in 2027 | 15% rent increase in option periods
Favorable NN+ lease | Landlord responsible for structure
Personally guarantee lease by several high-net-worth guarantors | Contact broker for details

Location Description

Roll-Em-Up Taquitos is strategically located on N Main Street, with access to 29,300 vehicles passing by daily. The property is situated minutes away from major California freeways and adjacent to Orange County, California. Positioned in the heart of a dense retail trade area, it is surrounded by numerous shopping centers, including North Main Plaza, Gateway Town Center, and Corona Hills...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Freeway close
Strong tenant synergy
Top 100 MSA
Strong demographics
Favorable NN+ lease
Personal guarantee

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Links

Roll-Em-Up Taquitos Wikipedia Corona, California Zip Code 92878 Broker Site Page Drone Video

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Roll-Em-Up Taquitos
Guarantor:Franchisee
Company:Franchisee
# Units:1
Stock:Private

About Tenant

Roll-Em-Up Taquitos is a rapidly growing, fast-casual, taquito-centered brand with over 600 franchise agreements signed in the past two years. Founded in 2019 by Ron and Ryan Ursey, the brand...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	12,516	117,328	270,889
2023 Total Population :	12,316	116,111	268,165
2023 Employed Civilian Pop :	6,325	55,538	131,606
2023 Total Businesses :	1,135	6,235	9,884
2023 Average Household Income :	$ 97,661	$ 109,477	$ 130,424
2023 Total Consumer Spending :	$ 352 M	$ 3239 M	$ 8673 M
2023 Median Age :	34	34	34
2023 Total Households :	4,205	34,460	78,215
2023 Pop Age 25+: Bachelor's Degree :	1,648	12,221	36,263
2023 Average Home Value :	$ 520,580	$ 567,040	$ 602,466

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
N Main St	Cota St	2007	29,200	0.04 mi
W Parkridge Ave	N Main St	2009	8,300	0.08 mi
Hamner Ave	N Main St	2007	29,300	0.13 mi
E Parkridge Ave	Corona Ave	2007	12,400	0.21 mi
Yuma Dr	Hamner Ave	2008	28,000	0.24 mi
Mountain Ave	1st St	2006	8,150	0.28 mi
N Main St	W Parkridge Ave	2007	22,900	0.30 mi
River Rd	Headwater Rd	2008	8,800	0.33 mi
Hidden Valley Parkway		2021	141,500	0.33 mi
Corona Ave	Gilmore Dr	2009	2,800	0.35 mi

Listing Broker

David McNevin

CBRE: NLPG Newport

Contact

7 Listings
809 Views
1 Sold

Ian Schroeder

CBRE: NLPG Newport

Contact

18 Listings
2703 Views
2 Sold

David McNevin

David McNevin is an Associate for CBRE’s Net Lease Property Group in Newport Beach, California. The team specializes in the acquisition and disposition of single tenant net leased retail assets. David assists the team in outreach of new business development opportunities within the private client, merchant developer, and institutional space. David is passionate about the needs and goals of his client’s portfolios, delivering exceptional work ethic and attention to detail throughout the sales

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Ian Schroeder

Ian Schroeder joined CBRE in July 2013 as Senior Vice President, specializing in the sale and disposition of NNN single-tenant properties and arranging sale leaseback transactions throughout the United States. Schroeder's expertise includes working with a wide spectrum of major national real estate developers, institutions and private clients in the disposition of their real estate assets. He maintains intimate knowledge of national market trends and valuations, and is a highly-skilled negotiat

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Melissa Ley Marshall

CBRE: NLPG Newport

Contact

18 Listings
2703 Views
2 Sold

Melissa Ley Marshall

Melissa Ley Marshall is First Vice President and Partner of CBRE’s Net Lease Property Group in Newport Beach, California. She specializes in the acquisition and disposition of NNN single-tenant retail properties throughout the United States and has closed $1 Billion in investment volume throughout her career. Melissa manages the entire sales process, from underwriting and valuation to offer negotiations, working relentlessly to deliver best results for her private and institutional clients.

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