Calvin Lee
Listed by Calvin Lee
$2,835,180
Tacos Don Goyo
Details
Property Type Retail
Sub Type Restaurant
Square Footage 3,861
Net Rentable (SqFt) 3,861
Units 1
Cap Rate 5.00%
NOI $141,759
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Don Goyo
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 10/31/2033
Remaining Term 7.3
Rent Bumps Yes
Lease Options One (1) 10-Year Option
Price per SqFt $734
Year Built 1975
Year Renovated 2023
Buildings 1
Acreage 0.450
Parking Spaces 37 spaces
Parking per 1,000 SqFt 9.58
Investment Type Net Lease
Lease Commencement 11/01/2023
Ground Lease No
"AAA" Irreplaceable Signalized Corner Retail with over 71,304 CPD | 5.00% CAP | 3,861 SqFt
Marketing description
Offered at $2,835,180 (5.00% CAP), 17200 Railroad Street is a ±3,861 SF free-standing restaurant on a ±19,798 SF signalized hard corner at S. Azusa Avenue (SR-39) and Railroad Street — the crossroads of five cities and the front door to the City of Industry's industrial corridor. Renovated in 2023 for Tacos Don Goyo's brand-new 10-year absolute NNN lease, the asset delivers management-free income with 3% annual increases, one 10-year option, and below-market rent of roughly $3.00/SF per month. Signalized intersection corner with 71,304 cars per day, 37 on-site parking stalls, and a captive weekday workforce of 67,000+ few block from the SR-60 interchange, this is coupon-clipper real estate on a corner that cannot be replicated.
Investment highlights
- Absolute NNN — Zero Landlord Obligations: Brand-new 10-year absolute NNN lease (Nov 2023 – Oct 2033) plus one 10-year option. Tenant handles roof, structure, and all expenses — true management-free, coupon-clipper income at a 5.00% CAP.
- Below-Market Rent, 3% Annual Growth: $3.00/SF/month rent is below market for a signalized corner on a 71,000+ CPD arterial — downside protection today, upside at rollover, and fixed 3% annual bumps compounding NOI every year.
- Irreplaceable Signalized Hard Corner — 71,304 CPD: SE corner of S. Azusa Ave & Railroad St moments from 60 freeway, nearby Costco, Walmart Supercenter, Puente Hills Mall, the auto malls, Glen Wilson High School, and Industry Hills Golf Club. The site sits at the center spot where five communities converge — City of Industry, Rowland Heights, Hacienda Heights, La Puente, and South San Jose Hills, providing 153,687 populations with $119,099 household income just within 3 miles radius from the location.
- Captive Lunch Trade of 67,000+ Workers: Railroad Street is the gateway to the industrial corridor, with no restaurant nearby. The City of Industry packs 3,000+ businesses and 67,000+ workers into a city with almost no residents — 13,299 employees within one mile must eat out daily. Renovated in 2023 with 37 on-site stalls to feed the rush.
- Proven Tenant — 4.3★, 2,300+ Reviews: Tacos Don Goyo runs three Southern California locations (City of Industry, Downey, Brea) plus a catering division, averaging 4.3★ across 2,300+ Google reviews — a proven operator with a genuine following.
Listing Contacts
Calvin Lee
Listed by Calvin Lee
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$141,759.00
$11,813.25/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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