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Restaurant

Burger King | SoCal | 20 Year Absolute Net Lease | 2023 Construction | Strong Daytime Population

2251 S Archibald Ave, Ontario (SoCal), CA 91761

Listing Price: $3,351,474

Cap Rate
4.75%
Tenant Name
Burger King
Years Remaining On Lease
20.2
Gross SF
2,080
Guarantor
Franchisee Guarantee
Rentable SF
2,080
Price/Gross SF
$1,611.29
Lease Type
Absolute Net
Rent Per Square Feet
$76.54

Investment Overview

Ontario is a city in southwestern San Bernardino County in the U.S. state of California, 35 miles east of downtown Los Angeles and 23 miles west of downtown San Bernardino, the county seat. Located in the western part of the Inland Empire metropolitan area, it lies just east of Los Angeles County and is part of the Greater Los Angeles Area. As of the 2020 Census, the city had a population of 175,265. The city is home to the Ontario International Airport, which is the 15th-busiest airport in the United States by cargo carried. Ontario handles the mass of freight traffic between the ports of Los Angeles and Long Beach and the rest of the country. During and after World War II, Ontario experienced a housing boom common to many suburbs. The expansion of the Southern California defense industry attracted many settlers to the city. With California’s aerospace industry concentrated in Los Angeles and the Bay Area, the Ontario International Airport was used as a pilot training center. Today, Ontario still has a manufacturing industry, the most notable of which are Maglite, which produces flashlights. Manufacturing has waned, and Ontario’s economy is dominated by service industries and warehousing. Major distribution centers are operated by companies such as AutoZone, Cardinal Health, MBM, Genuine Parts/NAPA, and Nordstrom. Ontario is also home to Niagara Bottling, The Icee Company, clothing companies Famous Stars and Straps and Shiekh Shoes, Scripto U.S.A., and to Phoenix Motorcars, who employs over 150 employees in Ontario.

Investment Highlights

  • 20 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options. Brand New High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Major Traffic & Industrial Corridor: Features Easy Access and Excellent Visibility near a Signalized Intersection w/ Daily Combined Traffic Counts Exceeding 22k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $100k within a 1-Mile Radius and over 285k People Residing within a 5-Mile Radius.
  • Strong Daytime Employment Area - Surrounded by Numerous Established Corporate HQ's, Business Parks, Regional Office Spaces, Distribution Centers, Industrial and Manufacturing Plants. Large Base of Employees within Walking Distance or a Short Drive.
  • The Site is Located within Ontario's Industrial and Manufacturing Corridor - In Close Proximity to Numerous Light Industrial, Manufacturing Plants and Distribution Centers.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
  • A Short Drive from Ontario International Airport - the 15th-Busiest Airport in the U.S. by Cargo Carried. Ontario handles the mass of Freight Traffic between the ports of Los Angeles and Long Beach and the rest of the Country.
  • Walking Distance from Kaiser Permanente Ontario Medical Center - a 224-Bed Medical Center that provides High-Quality Health Care Services to the Rapidly Expanding West End of San Bernardino County.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Financing By

Restaurant

Burger King | SoCal | 20 Year Absolute Net Lease | 2023 Construction | Strong Daytime Population

Listing Price: $3,351,474

Cap Rate
4.75%
Tenant Name
Burger King
Years Remaining On Lease
20.2
Gross SF
2,080
Guarantor
Franchisee Guarantee
Rentable SF
2,080
Price/Gross SF
$1,611.29
Lease Type
Absolute Net
Rent Per Square Feet
$76.54

Investment Highlights

  • 20 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options. Brand New High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Major Traffic & Industrial Corridor: Features Easy Access and Excellent Visibility near a Signalized Intersection w/ Daily Combined Traffic Counts Exceeding 22k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $100k within a 1-Mile Radius and over 285k People Residing within a 5-Mile Radius.
  • Strong Daytime Employment Area - Surrounded by Numerous Established Corporate HQ's, Business Parks, Regional Office Spaces, Distribution Centers, Industrial and Manufacturing Plants. Large Base of Employees within Walking Distance or a Short Drive.
  • The Site is Located within Ontario's Industrial and Manufacturing Corridor - In Close Proximity to Numerous Light Industrial, Manufacturing Plants and Distribution Centers.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
  • A Short Drive from Ontario International Airport - the 15th-Busiest Airport in the U.S. by Cargo Carried. Ontario handles the mass of Freight Traffic between the ports of Los Angeles and Long Beach and the rest of the Country.
  • Walking Distance from Kaiser Permanente Ontario Medical Center - a 224-Bed Medical Center that provides High-Quality Health Care Services to the Rapidly Expanding West End of San Bernardino County.

Investment Overview

Ontario is a city in southwestern San Bernardino County in the U.S. state of California, 35 miles east of downtown Los Angeles and 23 miles west of downtown San Bernardino, the county seat. Located in the western part of the Inland Empire metropolitan area, it lies just east of Los Angeles County and is part of the Greater Los Angeles Area. As of the 2020 Census, the city had a population of 175,265. The city is home to the Ontario International Airport, which is the 15th-busiest airport in the United States by cargo carried. Ontario handles the mass of freight traffic between the ports of Los Angeles and Long Beach and the rest of the country. During and after World War II, Ontario experienced a housing boom common to many suburbs. The expansion of the Southern California defense industry attracted many settlers to the city. With California’s aerospace industry concentrated in Los Angeles and the Bay Area, the Ontario International Airport was used as a pilot training center. Today, Ontario still has a manufacturing industry, the most notable of which are Maglite, which produces flashlights. Manufacturing has waned, and Ontario’s economy is dominated by service industries and warehousing. Major distribution centers are operated by companies such as AutoZone, Cardinal Health, MBM, Genuine Parts/NAPA, and Nordstrom. Ontario is also home to Niagara Bottling, The Icee Company, clothing companies Famous Stars and Straps and Shiekh Shoes, Scripto U.S.A., and to Phoenix Motorcars, who employs over 150 employees in Ontario.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Financing By

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