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Taco Bell Absolute NNN Ground Lease 18772 Valley Blvd 2,584 SF Retail Building Bloomington, CA 92316 $2,918,634 CAD ($1,129.50 CAD/SF) 3.86% Cap Rate



Investment Highlights
- Absolute NNN Ground Lease
- 10% Increases Every 5 years
- Next 10% Increase May 2029
- Tenant Fully Renovated in 2019
- Lease Expires 2039. Tenant Has Expressed Interest in Extending.
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,584 SF
Building Class
B
Year Built/Renovated
1999/2019
Price
$2,918,634 CAD
Price Per SF
$1,129.50 CAD
Cap Rate
3.86%
NOI
$112,582 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.77 AC
Opportunity Zone
Yes
Zoning
CG
Parking
33 Spaces (12.77 Spaces per 1,000 SF Leased)
Frontage
154’ on Valley Blvd
Fairly walkable
50/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0253-072-35 | Improvements Assessment | $1,594,354 CAD |
| Land Assessment | $709,908 CAD | Total Assessment | $2,304,262 CAD |
Property Taxes
Parcel Number
0253-072-35
Land Assessment
$709,908 CAD
Improvements Assessment
$1,594,354 CAD
Total Assessment
$2,304,262 CAD
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Taco Bell Absolute NNN Ground Lease | 18772 Valley Blvd
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