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403 N Pepper Ave
Colton, CA 92324
Retail Property For Sale
Executive Summary
• The subject property is a 100% occupied, 2-tenant QSR pad equipped with a drive-thru
• WaBa Grill (Operates 196 Units in 3 States)
• Drive-Thru Equipped which dramatically increases Sales and customer throughput
• 5-years into a 10 year lease with 10% increases every 5-years
• The Buffalo Spot (Operates 37 Units in 2 States)
• End Cap Location with Premier Visibility on N Pepper Ave
• 5-years into a 10 year lease with 10% increases every 5-years
• The property features a 4.6-year weighted average lease term (WALT), reducing near-term rollover risk and providing income stability
• Both leases are NNN in nature and include 2 (5-year) options with 10% rental increases, providing a future investor with a hedge against inflation and limiting the possibility of expense leakage
• WaBa Grill (Operates 196 Units in 3 States)
• Drive-Thru Equipped which dramatically increases Sales and customer throughput
• 5-years into a 10 year lease with 10% increases every 5-years
• The Buffalo Spot (Operates 37 Units in 2 States)
• End Cap Location with Premier Visibility on N Pepper Ave
• 5-years into a 10 year lease with 10% increases every 5-years
• The property features a 4.6-year weighted average lease term (WALT), reducing near-term rollover risk and providing income stability
• Both leases are NNN in nature and include 2 (5-year) options with 10% rental increases, providing a future investor with a hedge against inflation and limiting the possibility of expense leakage
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,831 SF
Building Class
C
Year Built
2020
Price
$3,359,000
Price Per SF
$876.79
Cap Rate
5.50%
NOI
$184,794
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.63 AC
Opportunity Zone
Yes
Parking
23 Spaces (6.57 Spaces per 1,000 SF Leased)
Frontage
274’ on North Pepper Avenue
Amenities
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 0254-071-69 | Improvements Assessment | $828,060 |
| Land Assessment | $409,593 | Total Assessment | $1,237,653 |
Property Taxes
Parcel Number
0254-071-69
Land Assessment
$409,593
Improvements Assessment
$828,060
Total Assessment
$1,237,653
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