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Single Tenant Net Lease - El Pollo Loco 610 N Main St 2,258 SF Retail Building Corona, CA 92880 $2,995,000 ($1,326.40/SF) 4.47% Cap Rate



Investment Highlights
- Operating at This Location Since 1985: Nearly 40 years of continuous occupancy demonstrating proven performance and long-term site viability.
- Signalized Intersection | ±35,610 Cars Per Day: High-visibility location with strong commuter and residential traffic exposure.
- Gateway to Orange County via the 91 Freeway: Strategically positioned along the 91 Freeway corridor
- 2025 Tenant-Funded Renovation: Recent capital reinvestment by tenant reduces near-term capital risk and reinforces long-term commitment to the site.
- Trade Area’s Dominant Retail Corridor: Surrounded by national retailers and daily-needs tenants in a supply-constrained drive-thru market.
- Across the street from New & Existing Multifamily Projects (800+ Units)
Executive Summary
Progressive Real Estate Partners is pleased to present the opportunity to acquire a corporate-guaranteed El Pollo Loco ground lease located along North Main Street in Corona, CA—one of the city’s primary retail corridors. The property features a ±2,258 SF drive-thru restaurant that has successfully operated at this location for 40 years (since 1985) and is secured by an absolute NNN ground lease. Investors benefit from passive ownership with zero landlord responsibilities, 10% rent increases every five years, and a long operating history that demonstrates the location’s durability and the tenant’s commitment to the site. Positioned at a signalized intersection with ±35,000+ cars per day and less than one mile from both the I-15 and 91 Freeways, the property offers exceptional visibility and regional accessibility. The surrounding trade area continues to strengthen with more than 800 new and existing apartment units directly across the street and a dense consumer base exceeding 144,000 residents within a 10-minute drive time, providing a strong foundation for long-term retail demand.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,258 SF
Building Class
C
Year Built/Renovated
1988/2025
Price
$2,995,000
Price Per SF
$1,326.40
Cap Rate
4.47%
NOI
$134,011
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.36 AC
Zoning
C2
Parking
20 Spaces (8.86 Spaces per 1,000 SF Leased)
Frontage
104’ on River Rd
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 119-262-001 | Improvements Assessment | $569,342 |
| Land Assessment | $154,426 | Total Assessment | $723,768 |
Property Taxes
Parcel Number
119-262-001
Land Assessment
$154,426
Improvements Assessment
$569,342
Total Assessment
$723,768
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Single Tenant Net Lease - El Pollo Loco | 610 N Main St
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