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32532504

6251 SIERRA AVE, FONTANA, CA 92336-1216

MB
CA 01977909
Newmark | Orange County - Irvine
SK
CA 02002301
Newmark | Orange County - Irvine
Newmark | Orange County - Irvine
AH
CT 0804854
Newmark
Listed by Newmark | Orange County - Irvine, Newmark
$9,049,000
31 days on market
Updated 0 days ago

Les Schwab Tire Center | Fontana, CA

Details
APN 1119221630000
Property Type Retail
Sub Type Storefront, Auto Shop
Square Footage 12,103
Units 1
Cap Rate 5.35%
NOI $484,120
Tenancy Single
Brand/Tenant Les Schwab
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Price per SqFt $748
Class A
Year Built 2016
Stories 1
Acreage 1.490
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Sale Condition Sale for leaseback

Les Schwab Tire Center | 20-Year SLB | Fontana, CA

Investment highlights

Expanding National Brand with Runway

• Les Schwab is the 4th largest independent tire retailer in the U.S. with over 540 locations in 15 states

• Founded in 1952, Les Schwab has a 70+ year operational history and today employs over 7,000 staff members

20-Year Corporate Sale-Leaseback with Les Schwab | Absolute NNN Lease

• Les Schwab currently owns the site and will leaseback the property on a 20-year absolute NNN lease + 6 (5-Year) Options

• The lease will be corporately guaranteed by Les Schwab

Fixed Rental Increases

• The lease will feature 10% rental increases every 5 years providing income growth and a hedge against inflation

Signalized Intersection and Direct Access to the 210 Freeway (158,214 VPD)

• The property is 1,000 ft to the 210 freeway on/off ramp

• Located at the signalized intersection of Sierra Ave. & Sierra Lakes Pkwy

Expanding Market with Dense & Affluent Southern California Demographics

• Within 3 miles, the population has grown by 5% between 2020-2025

• 125,355 people with an average household income of $134,419 live within a 3 mile radius

Growing Retail Corridor with Major New Housing Development

• Fontana is the 2nd largest city in San Bernardino County

• Regional/national tenants located at the Sierra Ave exit include: Costco, Home Depot, La Fitness, Lowe’s,

OfficeMax, Petco, Ralphs, Sprout’s, and Walgreens

• Nearby new construction along Highland Ave includes Amazon Fresh, Starbucks, and Habit Burger

• Major new housing developments: 1) Ventana at Canyon Duncan (842 units),

2) Westgate Specific Center (3,751 units), 3) The Renaissance (1,700 units)

Listing Contacts

MB
CA 01977909
Newmark | Orange County - Irvine
SK
CA 02002301
Newmark | Orange County - Irvine
Newmark | Orange County - Irvine
AH
CT 0804854
Newmark
Listed by Newmark | Orange County - Irvine, Newmark

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$484,120.00
$40,343.33/mo

Valuation Metrics

0
DSCR
5.35%
Cap Rate
5.35%
ROI

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