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Restaurant

Low Rent | So Cal Burger King | Freeway Visible | 12 Yrs Remaining

24800 Sunnymead Boulevard, Moreno Valley, CA 92553

Listing Price: $2,365,592

Cap Rate
4.65%
Tenant Name
Moreno Restaurant Services, LLC
Years Remaining On Lease
12.2
Gross SF
2,500
Guarantor
Franchisee Guarantee
Rentable SF
2,500
Price/Gross SF
$946.24
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.00

Investment Overview

Marcus and Millichap, as an exclusive advisor to the seller, is pleased to present the opportunity to acquire a well located, freeway-visible net-leased Burger King investment opportunity located at 24800 Sunnymead Blvd, Moreno Valley, California. The 2,500-square-foot restaurant building was constructed in 2014 on a .87-acre parcel of land that benefits from its easy visibility and access to/from California State Route 60 and the major retail corridor located along Sunnymead Blvd. This is an exceptional, completely passive, triple-net leased investment opportunity that it is being offered at a purchase price that is below the building’s replacement cost. Investment risk is also reduced by the amount of the tenant’s annual rent ($110,000) being securely in line with the restaurant’s sales volume.* This Burger King drive-thru benefits from the dense surrounding population of nearly 224,936 people living within a 5-mile radius and traffic counts exceeding 130,000 vehicles per day. There are 12 years of term remaining on the triple-net lease that places the responsibility of all taxes, insurance, maintenance and repairs on the tenant.

Investment Highlights

  • Attractive Low Rent Southern California Triple Net Leased Burger King Drive-Thru with Freeway Visibility Priced Well Below Replacement Cost. Over Twelve Years of Lease Term Remaining with Rent Bumps.
  • Moreno Valley is Riverside County's 2nd Largest City. As of the 2020 Census, the City's Population was 208,634. Moreno Valley is also part of the Larger Greater Los Angeles Area.
  • Excellent Demographics and Population Density with 95,000 People Living within 2 Miles of the Property and Daytime Employment of 235,089 within 10 Miles.

Exclusively Listed By

Financing By

Restaurant

Low Rent | So Cal Burger King | Freeway Visible | 12 Yrs Remaining

Listing Price: $2,365,592

Cap Rate
4.65%
Tenant Name
Moreno Restaurant Services, LLC
Years Remaining On Lease
12.2
Gross SF
2,500
Guarantor
Franchisee Guarantee
Rentable SF
2,500
Price/Gross SF
$946.24
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.00

Investment Highlights

  • Attractive Low Rent Southern California Triple Net Leased Burger King Drive-Thru with Freeway Visibility Priced Well Below Replacement Cost. Over Twelve Years of Lease Term Remaining with Rent Bumps.
  • Moreno Valley is Riverside County's 2nd Largest City. As of the 2020 Census, the City's Population was 208,634. Moreno Valley is also part of the Larger Greater Los Angeles Area.
  • Excellent Demographics and Population Density with 95,000 People Living within 2 Miles of the Property and Daytime Employment of 235,089 within 10 Miles.

Investment Overview

Marcus and Millichap, as an exclusive advisor to the seller, is pleased to present the opportunity to acquire a well located, freeway-visible net-leased Burger King investment opportunity located at 24800 Sunnymead Blvd, Moreno Valley, California. The 2,500-square-foot restaurant building was constructed in 2014 on a .87-acre parcel of land that benefits from its easy visibility and access to/from California State Route 60 and the major retail corridor located along Sunnymead Blvd. This is an exceptional, completely passive, triple-net leased investment opportunity that it is being offered at a purchase price that is below the building’s replacement cost. Investment risk is also reduced by the amount of the tenant’s annual rent ($110,000) being securely in line with the restaurant’s sales volume.* This Burger King drive-thru benefits from the dense surrounding population of nearly 224,936 people living within a 5-mile radius and traffic counts exceeding 130,000 vehicles per day. There are 12 years of term remaining on the triple-net lease that places the responsibility of all taxes, insurance, maintenance and repairs on the tenant.

Exclusively Listed By

Financing By

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