Applebee's NNN Property For Sale — Montclair, CA
9241 Monte Vista Ave, Montclair, CA 91763
This Applebee's property, built in 1997, features approximately 5,863 square feet on 0.50 acres. It operates under an absolute triple-net (NNN) lease, with the tenant having recently extended their option. The current annual rent is $265,980, with scheduled rent increases of 10% every five years through the remaining three five-year tenant renewal options.
- Address: 9241 Monte Vista Ave, Montclair, CA 91763
- Asking price $4.63M
- 5.75% cap rate
- NOI $265,980
- 3 years remaining
- NNN lease
- Year built: 1997
- Building size: 5,863 SF
- Lot size: 0.50 acres
- Lease expiration: Dec 31, 2025
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Location
This Applebee's property is at 9241 Monte Vista Ave in Montclair, California.
Asset type: Retail - Retail Pad