Taco Bell - Calimesa

1190 Calimesa Blvd Calimesa , CA 92320

Taco Bell - Calimesa - Retail for sale

Download Offering Memorandum

Overview



A commercial stand alone one story Taco Bell Restaurant, ideally positioned with commercial frontage along the I-10 (95,000 CPD) and adjacent to Stater Bros Anchored Shopping Center. The site is surrounded by 80,000 permanent residents in 5 miles.

Investment Highlights


  • 15± year corporate Taco Bell ground lease with 10% increases every 5 years including options
  • High volume NNN Taco Bell visible from the I-10.
  • Current rent payment is well below market rent.
  • Surrounded by over 80,000 permanent residents in a 5-mile radius.
  • Ideally positioned with commercial frontage along the I-10 ( 95,000 VPD), one of the busiest thoroughfares in Riverside County.
General
Property Type Retail
Property Subtype Single Tenant / Standalone
Tenure Type Sale / Purchase
Property Address 1190 Calimesa Blvd, Calimesa, CA 92320-1509
Building Size 2,200  ft2
Financial
Price $2,100,000
Cap Rate 4.01%
Current NOI $84,186.00
Lease
Tenant's Name TACO BELL Corporation
Guarantor TACO BELL Corporation
Lease Type NNN
Annual Rent $84,186.00
Lease Expiration Date 12/31/2034
Remaining Term 15.4Yrs

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