7460 Mission Grove Pky Local commercial 171 m² À vendre Riverside, CA 92508 2 466 507 € (14 428,95 €/m²)

Contact broker for OM . Lee & Associates is pleased to offer to qualified investors an opportunity to purchase the fee-simple interest (land & building) in an absolute NNN, drive-thru equipped, Wienerschnitzel investment property located in Riverside, CA. There is about 9 years of primary lease term remaining with a 10% rental increases every 5-years including the three, 5-year options. Tenant pays a 10 percent rent above base rent. The lease is personally guaranteed by tenant with strong financials. The subject property is located at southeast corner of Alessandro Blvd (40,000 CPD) and Mission Grove Parkway. The property benefits from a strong day-time population of about 47,000 employees within a 3-mile radius and strong residential customer base of over 212,000 residents with an average household income of $95,945 within a 5-mile radius
20-Year Operating History | Percentage Rent Plus Scheduled Rental Increases | Established
Brand:
• Tenant has approximately 9 years remaining in their initial lease term
• Lease features a base rent plus 10% of net sales over base rent. Base rent increases 10% every 5 years, growing NOI and hedging against inflation
• Founded in 1961, Wienerschnitzel is an established brand currently
operating over 300 locations in over 10 states
• Lease is personally guaranteed by Wienerschnitzel franchisee
• Over 18-year operating history at this location
Absolute NNN Lease | Fee Simple Ownership | Zero Landlord
Responsibility:
• Tenant pays for property tax, insurance, CAM and all aspects of the
premises
• No landlord responsibilities
• Ideal, management-free invest for passive investor
Excellent Location on Mission Grove Parkway | Drive-Thru Equipped:
• Strategically located at southeast corner of Alessandro Blvd and Mission
Grove Parkway
• Alessandro Blvd is a primary commuter throughfare averaging about
40,000 CPD and Mission Grove Parkway about 16,000 CPD
• Building is equipped with drive-thru, providing ease and convenience for
customers
• On average, stores with drive-thru experience higher sales than those
without
• Nearby direct on/off access to Interstate 215 (124,000 CPD), a heavily
traveled freeway serving Riverside/Moreno Valley/South Riverside County
Affluent Mission Grove Location | Grocery and Fitness Anchored | High
Barriers to Entry:
• Subject property is a part of a ±70-acre master planned open air retail
center
• Ideally situated pad building to high volume Sprouts Farmers Market and
LA Fitness which significantly increases consumer draw to the immediate
trade area and promote crossover store exposure for Wienerschnitzel
• This offering represents a rare opportunity to acquire real estate within a
dense, infill trade area with high barriers to new development
• Other nearby national tenants in the immediate area include The
Learning Experience Childcare Center, CVS Pharmacy, BevMo, Chili’s,
Wells Fargo Bank, Valvoline, ARCO, Shell, Del Taco, and Tommy’s.
Strong Demographics | Direct Residential/Daytime Consumer Base:
• More than 212,200 people with average household income of $95,945
with a 5-mile trade area
• Over 47,000 daytime employees support the trade area within a 3-mile
radius