20330 Temescal Canyon Rd - Wienerschnitzel - Corona, CA
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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.
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 | Building Class | C |
Price Per SF | $5,913 CAD | Lot Size | 0.75 AC |
Sale Type | Investment | Building Size | 863 SF |
Cap Rate | 5% | No. Stories | 1 |
Sale Conditions | Sale Leaseback | Year Built | 2024 |
Property Type | Specialty | Tenancy | Single |
Property Subtype | Contractor Storage Yard | Parking Ratio | 11.59/1,000 SF |
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
Parcel Number | 279-530-031 | Improvements Assessment | $0 CAD |
Land Assessment | $1,807,274 CAD | Total Assessment | $1,807,274 CAD |
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 |
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20330 Temescal Canyon Rd - Wienerschnitzel - Corona, CA
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