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20330 Temescal Canyon Rd - Wienerschnitzel - Corona, CA

863 SF Specialty Building Offered at $5,102,892 CAD at a 5% Cap Rate in Corona, CA 92881

Investment Highlights

  • TOP 10 FRANCHISEE IN SYSTEM | MULTI UNIT OPERATOR | PROJECTED HIGH PERFORMING UNIT SALES | GROWING TENANT
  • GROWING COMPANY WITH OVER 320+ LOCATIONS THROUGHOUT THE USA | STRONG UNIT ECONOMICS | EXPERIENCED FRANCHISEE
  • FEE SIMPLE INVESTMENT | ZERO LANDLORD RESPONSIBILITIES | BRAND NEW 25-YEAR LEASE
  • RARE SOUTHERN CALIFORNIA MARKET | CITY OF CORONA INLAND EMPIRE) | CALIFORNIA INFILL MARKET | HIGH AVERAGE INCOMES

Executive Summary

TOP 10 FRANCHISEE IN SYSTEM | MULTI UNIT OPERATOR | PROJECTED HIGH PERFORMING UNIT SALES | GROWING TENANT
Experienced Operator with more than 25 Years of Experience within the restaurant and multi-unit operation space within Southern California.
Multi Unit & Brand operator with over more than 25+ units across multiple concepts that they operate throughout California, Texas, Utah, and New Mexico.
Franchisee intends to continue growing further Wienerschnitzel locations. Guarantee will grow over time.
Projected sales at this location place it in the top 10% of all Wienerschnitzel’s in the country.
FEE SIMPLE INVESTMENT | ZERO LANDLORD RESPONSIBILITIES | BRAND NEW 25-YEAR LEASE
Fee Simple Ownership - Land and Building for Sale.
Zero Landlord Responsibilities - Tenant to pay Taxes, Insurance, and Maintain the Property.
25-Year Original Lease Term Starting at Close of Escrow.
Attractive Rental Increases of 10% Every 5 Years.
Hedge Against Inflation and Low Risk Investment for “Mailbox” Investment Income
GROWING COMPANY WITH OVER 320+ LOCATIONS THROUGHOUT THE USA | STRONG UNIT ECONOMICS | EXPERIENCED FRANCHISEE
Wienerschnitzel now has 320+ stores operating across the US and has commitments to continue opening new stores through expanding their franchise network.
Subject property is currently under construction and expected to open in Q1 of 2025.
Average Unit Volume (AUV’s) for Wienerschnitzel is currently over $1.5M but locations with strong real estate tend to outperform. Expected sales at this location are north of $2.0M annually.
Average EBITDA margins for Wienerschnitzel are often above 20%, significantly higher than most other QSR brands as their cost of goods sold is extremely low and less employees per location are required.
RARE SOUTHERN CALIFORNIA MARKET | CITY OF CORONA INLAND EMPIRE) | CALIFORNIA INFILL MARKET | HIGH AVERAGE INCOMES
Corona is part of the larger Inland Empire which consists of San Bernardino County as well as Riverside County. Combined these two counties have a total population of over 4.6 million people.
Average household incomes exceed $178,000/annually in the 3-mile radius from the subject property.
New construction drive-thru properties are extremely difficult to construct and open in this market tenant cannot easily move to another location and backfill opportunities are plenty.

Property Facts

Price $5,102,892 CAD
Price Per SF $5,913 CAD
Sale Type Investment
Cap Rate 5%
Sale Conditions Sale Leaseback
Property Type Specialty
Property Subtype Contractor Storage Yard
Building Class C
Lot Size 0.75 AC
Building Size 863 SF
No. Stories 1
Year Built 2024
Tenancy Single
Parking Ratio 11.59/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
279-530-031
Land Assessment
$1,807,274 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,807,274 CAD

zoning

Zoning Code M2, Corona
M2, Corona
  • Listing ID: 33804374

  • Date on Market: 2024-11-08

  • Last Updated:

  • Address: 20330 Temescal Canyon Rd, Corona, CA 92881

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