18772 Valley, Bloomington, CA 92316
- $2,099,888
- List Price
- $2,099,888
- Status
- ACTIVE
- MLS#
- WS26181797
- Year Built
- 1999
- Lot Size
- 33,541
- Acres
- 0.77
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 2
- Property Type
- Commercial
- Property Sub Type
- Retail
Property Description
Taco Bell absolute NNN ground lease opportunity located at 18772 Valley Blvd in Bloomington, California. The property benefits from a highly accessible setting off I-10 near Cedar Avenue, placing it in close proximity to steady regional traffic and a strong concentration of surrounding businesses. This is a hands-off, long-term investment supported by a stable nationwide corporate Taco Bell tenant that has operated at the site since 1998. The ground lease term extends through May 2039, featuring 10% rent increases every five years to provide durable income growth potential. Next 10% increase scheduled for May 2029. Taco Bell has further demonstrated its commitment to the location with an approximately $1.5 million investment to fully remodel the premises in 2019. Bloomington’s broader commercial and logistics demand is supported by major employers and operators in the region, including Amazon, Staples, Union Pacific Rail, Old Dominion Freight Company and Kaiser Permanente.
Additional Information
- Land Lease
- Yes
- Land Lease Amount
- $81000
- Water
- Public
- Attached Structure
- Detached
Listing courtesy of Listing Agent: ADAM KAWASAWA (adam@flow.la) from Listing Office: FLOW PROPERTIES.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.