13382 Limonite Ave - Fast Food FOR SALE


Eastvale, CA 92880
$2,585,000 USD
562-665-1199
13382 Limonite Ave, Eastvale, CA for Sale
$2,585,000 USD
Fast Food - FOR SALE
1/9
null | 4.89% Cap Rate

13382 Limonite Ave
Eastvale, CA 92880


HIGHLIGHTS

  • Absolute NNN lease structure and no landlord responsibilities, providing a passive investment opportunity.
  • Located at a signalized intersection with prime visibility and 242 feet of frontage on Sumner Avenue.

OVERVIEW

Lee & Associates – Orange is pleased to present the opportunity to acquire a single-tenant absolute NNN ground lease investment occupied by Miguel’s Jr. Homestyle Mexican Foods, a drive through restaurant, in Eastvale, California. The property consists of a 2,932-square-foot freestanding restaurant building situated on a 30,056-square-foot pad site with 22 dedicated parking spaces. Strategically positioned within a high-traffic neighborhood shopping center anchored by Smart & Final, the property benefits from strong consumer traffic and excellent visibility. The center is further supported by a complementary tenant mix that includes nationally recognized brands such as El Pollo Loco and Dutch Bros. Miguel’s Jr. operates under a long-term absolute net ground lease with more than 12 years of remaining lease term, providing investors with stable, passive income and zero landlord responsibilities. The lease includes four (4) additional five-year extension options, offering potential occupancy through 2058 and creating a durable long-term investment opportunity. Located in one of the Inland Empire’s fastest-growing communities, this offering combines the security of an established restaurant operator, the benefits of an absolute NNN ground lease structure, and the strength of a highly trafficked retail location within a growing trade area

FOR SALE DETAILS

PRICE

$2,585,000 USD

PRICE/SF

$881 USD /SF

CAP RATE

4.89%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Miguel's Jr. at Eastvale Marketplace

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

C-P-S Scenic Highway Comm

APN/PARCEL ID

164-030-040

ASK ABOUT THIS PROPERTY

John SonLee & Associates Commercial Real Estate ServiceMore Info
562-665-1199

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John SonLee & Associates Commercial Real Estate ServiceMore Info
562-665-1199

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.