Colton, CA - Waba Grill & The Buffalo Spot

Description:

• 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

• Located as a part of Colton City Hub Centre, a dynamic food and medical retail center that also features Black Bear Diner, Einstein Bros Bagels, Pizza Twist, Apple Urgent Care, Colton Pure Dentistry, and Bwell Pharmacy –Colton City Hub Centre is available separately. Contact agent for details
• Adjacent to Arco AMPM Gas Station and Convenience Store that shares parking lot
• 100 room hotel development underway within the same center, creating additional customer base for the center
• Strong real estate fundamentals – multiple points of ingress/egress, ample parking, excellent tenant signage visibility from the street
• Adjacent to Arrowhead Regional Medical Center, a 456-bed hospital that is also connected to California University of Science and Medicine (550 full-time students) – major employment hub for the Inland Empire
• Two new hotel developments are located directly behind the subject property, including the Holiday Inn Express Colton (100 rooms), and a proposed Home2 Suites by Hilton (102 rooms)
• Nearby national/credit tenants such as Walmart Supercenter, Sprouts, Stater Bros, El Super, Ross, Burlington, Five Below, and more
• Strong tenant synergy increases consumer draw to the subject trade area

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Listing ID: a28TP000002Qgk1YAC