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    186 E Easton Street , A-D

    Rialto, CA 92376
    • $4,600,000
    • STATUS: Active
    • ON SITE: 493 days
    • ID#: IV19119051
    UPDATED: 18 min ago
    $4,600,000
    • 0
      BEDS
    • 0.62
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,205
      SQFT
    • $741
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2015
    County:
    Area:

    School Ratings & Info

    Description

    UPDATE: Fell out of escrow! Buyer did not perform, back on market!*All contractual rental increase took effect at the start of 2020. The additional annual income of $21,600 represents an increase of over 11.25% from previous offering. *The tenants have reported increased sales during the current pandemic, which further demonstrates the dynamic recession proof tenant base this center commands.*An executed LOI has been agreed upon for NEW restaurant tenant (HUMMUS REPUBLIC 25+ Locations).Hummus Republic is a growing fast casual Modern Mediterranean food franchise and further strengthens the tenant base. Anchored by In and Out Burger (NAP/Not included), the offering is a multi-tenant NNN retail plaza in the City of Rialto, CA built in 2015. The property is a 100% occupied retail center fronting the highly trafficked Riverside Avenue. The dynamic mix of National and Regional food service tenants offer investors a hedge against today's e-commerce climate. Chipotle Mexican Grill has operated at the Rialto Plaza for over 5 years. $138,728/YR (Triple Net) Lease Continues through 02/2025 and features (3) 5 year options to extend. Jersey Mike+GGs Subs-$74,145/YR (Triple Net) Lease Expires 02/2025 and features (3) 5 year options to extend. Wing Stop -$91,961/YR (Triple Net) Lease Expires 02/2025 and features (3) 5 year options to extend. All tenants report very strong sales numbers and are expected to renew at expiration.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-26T18:27:37.31. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Camargo & Wilson Realty Team | Realty ONE Group Southwest. Licensed in the State of California, USA.

    www.tophomefinders.com/homes/95052623
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    186 E Easton Street , A-D Rialto, CA 92376

    • Price: $4,600,000
    • Status: Active
    • Updated: 18 min ago
    • ID#: IV19119051
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.62
    Acres
    6,205
    SQFT
    $741
    $/SQFT
    2015
    Built
    Neighborhood:
    272 - Rialto
    County:
    San Bernardino
    Area:
    272 - Rialto
    Property Description
    UPDATE: Fell out of escrow! Buyer did not perform, back on market!*All contractual rental increase took effect at the start of 2020. The additional annual income of $21,600 represents an increase of over 11.25% from previous offering. *The tenants have reported increased sales during the current pandemic, which further demonstrates the dynamic recession proof tenant base this center commands.*An executed LOI has been agreed upon for NEW restaurant tenant (HUMMUS REPUBLIC 25+ Locations).Hummus Republic is a growing fast casual Modern Mediterranean food franchise and further strengthens the tenant base. Anchored by In and Out Burger (NAP/Not included), the offering is a multi-tenant NNN retail plaza in the City of Rialto, CA built in 2015. The property is a 100% occupied retail center fronting the highly trafficked Riverside Avenue. The dynamic mix of National and Regional food service tenants offer investors a hedge against today's e-commerce climate. Chipotle Mexican Grill has operated at the Rialto Plaza for over 5 years. $138,728/YR (Triple Net) Lease Continues through 02/2025 and features (3) 5 year options to extend. Jersey Mike+GGs Subs-$74,145/YR (Triple Net) Lease Expires 02/2025 and features (3) 5 year options to extend. Wing Stop -$91,961/YR (Triple Net) Lease Expires 02/2025 and features (3) 5 year options to extend. All tenants report very strong sales numbers and are expected to renew at expiration.
    Exterior Features

    Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 5.50 Country Us Gross Scheduled Income 365212.00 Land Use Retail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 4 Property Sub Type Retail Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Albert Le of Le Investment Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-26T18:27:37.31. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Camargo & Wilson Realty Team | Realty ONE Group Southwest. Licensed in the State of California, USA.

     
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    Camargo & Wilson Realty Team | Realty ONE Group Southwest
    41463 Margarita Road, Suite 100
    Temecula CA, 92591