9311 Sierra Avenue | Fontana, CA
Marcus & Millichap is pleased to present a USA Checks Cashed Single Tenant Net Leased Investment. The property consists of 1,524 square feet sitting on a .28 acre parcel. The real estate is well positioned at the signalized intersection of Sierra Avenue and Randall Avenue where traffic counts exceed 42,300 cars per day. The building consists of a concrete block with points of ingress and egress on both Sierra Avenue and Randall Avenue with a parking field for a 5 to 1 parking ratio. Neighboring tenants include 7-11, WSS, Pizza Hut, Kaiser Permanente and 99 Cents Only showing the strength of this location. The property is adjacent to both the I-10 (249,000 cars per day) and I-15 freeway (210,000ars per day) interchanges. Population density exceeds 367,099 people in a 5-mile radius.
USA Checks Cashed has been at this location since 1999 and the investment is an absolute net leased single tenant, corporate guaranty. The offering is an above market 6.50% Cap rate with 10% rent increases every 5 years. The primary term will be 10 years and executed at the close of escrow with options to renew.
USA Checks Cashed – NNN Leased Investment
6.50 % Cap Rate
10% Rent Increases every 5 years
Brand New 10-year Lease Term, with Options to Renew
Corporate Guaranty, Ease of Management
Hard Signalized Corner of Sierra Avenue and Randall Avenue
A population of 367,009 in 5-Mile Ring