Fontana, CA - Pic N Save & Tacos Jalisco

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, multi-tenant investment property located in Fontana, California. The strategically positioned building features NNN leases with 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The NNN lease structure limits expense slippage for future owners, ensuring a predictable and low-risk investment profile.

The property is located at the signalized, hard-corner intersection of Randall Ave and Sierra Ave, combining to average over 42,100 vehicles passing by daily. Sierra Ave is a major retail thoroughfare serving the city of Fontana. The site features outparcels of a 7,000+ square foot multi-tenant strip featuring several strong local tenants, a Pizza Hut, and a local QSR. The asset is within close proximity to Kaiser Permanente Fontana Medical Center, a 480,000+ square foot medical center that features over 300 patient beds. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Walmart, Target, Home Depot, TJ Maxx, Burlington, Ross, Five Below, Starbucks, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by a population of over 360,000 with an average household income of $107,434.