Seri Bryant

Associate

818.212.2655

Seri.Bryant@MarcusMillichap.com

"

The quality of your thinking determines the quality of your life. "

Danny Abergel

Senior Associate

CA BRE: 01797904

818.212.2715

Danny.Abergel@MarcusMillichap.com

"

Beware of the little expenses. A small leak can sink a great ship."

Rebekah Snyder

Senior Research Analyst

818.212.2731

Rebekah.Zweiban@MarcusMillichap.com

"

Two things define you. Your patience when you have nothing, and your attitude when you have everything."

Ezra Orr

Senior Director, Digital Development

818.212.2730

"

The only person you should try to be better than is the person you were yesterday."

Jesica Ocheltree

Operations Manager

818.212.2730

"

Happiness is a choice, not a result. "

Kathy Magallanes

Certified Agent Support Specialist

"

Success is not in what you have, but who you are."

Taco Bell

1190 Calimesa Blvd, Calimesa, CA 92320

Price:
$1,980,000
CAP Rate:
4.25%
NOI:
$84,186
Net Rentable Area:
2,200 SF
Lot Size:
1.06 Acres
Year Built:
1995/2015
Status:
Available

Download the Offering Memorandum for details about the tenant, lease, financials, and more.

DOWNLOAD THE OFFERING

Property Details

  • 13 years remaining on base term of true NNN ground lease with 10% increases every 5 years including options
  • Tenant has been at this location for 25+ years and recently extended their lease an additional 14 years
  • 13 year franchisee. Do Cook Me Tacos, operates 5-7 units
  • Visible from the I-10
  • Current rent payment is well below market rent
  • Surrounded by over 80,000 permanent residents in a 5-mile radius
  • Strong retail corridor serving as feeder to surrounding  residential community
  • Ideally positioned with commercial frontage along the I-10 ( 95,000 VPD), one of the busiest thoroughfares in Riverside County

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