Restaurant
Bank of America & El Pollo Loco Ground Leases
33500 Yucaipa Blvd, Yucaipa, CA 92399
Listing Price: $5,487,176
Investment Overview
The subject property consists of a single-tenant Bank of America Ground Lease and single-tenant El Pollo Loco Ground Lease asset situated at the main and main signalized, hard-corner intersection of Yucaipa Boulevard and Oak Glen Road in Yucaipa, California. With over two-acres of land, the property offers a unique and desirable investment opportunity to acquire two separate Absolute Tripe Net (NNN) Ground Leases with diversified tenants, each with a drive-thru. Numerous retailers are located at the intersection, including Yucaipa Valley Center- the trade area’s most diverse and dominant power center, anchored by T.J. Maxx, Vons, and Ross Dress for Less. Retailers in the immediate area include Staples, Starbuck’s, T-Mobile, Sally Beauty, Subway, Dickey’s Barbecue Pit, McDonald’s, CVS, Panda Express, Carl’s Jr, Firestone, Jersey Mike’s, Verizon, Leslie’s Pool Supply, and numerous others. Most notably the property is adjacent to Chapman Heights and Yucaipa Valley Golf Course encompassing over 1,000 acres of master planned community and 1,977 homes, with the 18-hole championship course interweaving throughout the Chapman Heights community.
Bank of America & El Pollo Loco Ground Leases
Investment Highlights
- Rare Ownership Opportunity - Over 2-acres of land situated at the main and main signalized, hard-corner intersection of Yucaipa Boulevard and Oak Glen Road
- Desirable Investment - Two Absolute Triple Net (NNN) Ground Leases with diversified tenants, each with a drive-thru
- Fixed Rental Increases with each Lease - 10% every 5 years, including the option periods
- Bank of America and El Pollo Loco have been at this site since 2004, demonstrating their commitments to this location
- Outstanding Bank Branch Deposits - Over $294M reported as of June 30, 2023
- Across from Yucaipa Valley Center - the trade area's most diverse and dominant power center, anchored by T.J. Maxx, Vons, and Ross Dress for Less with numerous other retailers
- Adjacent to Chapman Heights and Yucaipa Valley Golf Course - Over 1,000 acres of master planned community with 1,977 homes, launched in 2000 with an 18-hole championship course that interweaves throughout the Chapman Heights community
- Strong Demographics - Average Household Income of $110,783 and over 86,000 residents in a 5-mile radius
Exclusively Listed By
Listing Price: $5,487,176
Investment Highlights
- Rare Ownership Opportunity - Over 2-acres of land situated at the main and main signalized, hard-corner intersection of Yucaipa Boulevard and Oak Glen Road
- Desirable Investment - Two Absolute Triple Net (NNN) Ground Leases with diversified tenants, each with a drive-thru
- Fixed Rental Increases with each Lease - 10% every 5 years, including the option periods
- Bank of America and El Pollo Loco have been at this site since 2004, demonstrating their commitments to this location
- Outstanding Bank Branch Deposits - Over $294M reported as of June 30, 2023
- Across from Yucaipa Valley Center - the trade area's most diverse and dominant power center, anchored by T.J. Maxx, Vons, and Ross Dress for Less with numerous other retailers
- Adjacent to Chapman Heights and Yucaipa Valley Golf Course - Over 1,000 acres of master planned community with 1,977 homes, launched in 2000 with an 18-hole championship course that interweaves throughout the Chapman Heights community
- Strong Demographics - Average Household Income of $110,783 and over 86,000 residents in a 5-mile radius
Investment Overview
The subject property consists of a single-tenant Bank of America Ground Lease and single-tenant El Pollo Loco Ground Lease asset situated at the main and main signalized, hard-corner intersection of Yucaipa Boulevard and Oak Glen Road in Yucaipa, California. With over two-acres of land, the property offers a unique and desirable investment opportunity to acquire two separate Absolute Tripe Net (NNN) Ground Leases with diversified tenants, each with a drive-thru. Numerous retailers are located at the intersection, including Yucaipa Valley Center- the trade area’s most diverse and dominant power center, anchored by T.J. Maxx, Vons, and Ross Dress for Less. Retailers in the immediate area include Staples, Starbuck’s, T-Mobile, Sally Beauty, Subway, Dickey’s Barbecue Pit, McDonald’s, CVS, Panda Express, Carl’s Jr, Firestone, Jersey Mike’s, Verizon, Leslie’s Pool Supply, and numerous others. Most notably the property is adjacent to Chapman Heights and Yucaipa Valley Golf Course encompassing over 1,000 acres of master planned community and 1,977 homes, with the 18-hole championship course interweaving throughout the Chapman Heights community.
Exclusively Listed By
