Listed by SRS Real Estate Partners Newport Beach
$7,148,000
Chipotle & Corner Bakery | Outparcel to Major Mall
Details
APN 910-320-036
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 7,301
Units 2
Cap Rate 5.4%
NOI $386,000
Occupancy 100%
Tenancy Multi
Brand/Tenant Chipotle, Corner Bakery Cafe
Lease Type Absolute NNN
Remaining Term 8.5
Rent Bumps Yes
Lease Options 2, 5-Year & None
Broker Co-Op Yes
Class A
Year Built 2000
Buildings 1
Acreage 1.040
Zoning Specific Plan (SP-7)
Parking Spaces 62 spaces
Parking Per SqFt 8.49
Investment Type Net Lease
Tenant Credit Credit Rated, Franchisee
Ownership Fee Simple (Land & Building Ownership)
NNN Leases | Recent 10-Year Extension from Chipotle
Investment highlights
2-Tenant Retail | Recently Signed Lease Extensions | NNN Leases Recent Roof Renovation
Outparcel to Promenade Temecula Mall (1.4M+ SF) | Prime Location | Excellent Visibility | Interstate-15 (164,000 VPD)
Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$386,000.00
$32,166.67/mo
Valuation Metrics
0
DSCR
5.4%
Cap Rate
5.4%
ROI
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