30142 Haun Rd - Restaurant FOR SALE


Menifee, CA 92584
$3,146,000 USD
949-246-0759
30142 Haun Rd, Menifee, CA for Sale
$3,146,000 USD
Restaurant - FOR SALE
1/5
null | 5.25% Cap Rate

30142 Haun Rd
Menifee, CA 92584


HIGHLIGHTS

  • Corporate lease (Tenant: Red Robin International, Inc. dba Red Robin Gourmet Burgers & Brews)
  • Absolute NNN Ground Lease (Ownership: Land) with no landlord responsibilities
  • Very high performaing Red Robin location. Tenant reports sales
  • Lease term: 9/29/2008~9/30/033 + 2 x 5 years options to renew.
  • Rent Increases: 10% increase per 5 years throughout main terms and option terms (next increase: 10/1/2028)
  • Irreplaceable location; Pad within Countryside Marketplace (730,000 sf), the dominant power center immediately adjacent to the I-215 freeway.

OVERVIEW

CBBR is pleased to exclusively offer for sale a freestanding property ground leased to Red Robin International, Inc (dba Red Robin Goumet Burgers & Brews). The lease is absolute NNN with no landlord responsiblities. Lease term remains about 8 years with 2 x 5 years options to renew. Rent Increases 10% increase per every 5 years throughout main terms and option terms (next increase: 10/1/2028). This is very high performaing Red Robin location. Tenant reports store sales. This property is located within Countryside Marketplace (730,000 sf, 5 million visitors/year), the dominant power center immediately adjacent to the I-215 freeway and anchored by Super Target, Lowe's, Best Buy, Kohl's, Michaels, HomeGoods, T-J-Maxx, Burlington,etc. The City of Menifee has seen a significant population growth over the last several years (consistent 3 % annual growth rate). In 2023, Menifee was rankerd as the top city for growth in California, and one of the top 15 cities in the Nation. * The developer of Gountryside Marketplace has first right of refusal to purchase (14 days). Please contact James Kwon ( cell: 949-246-0759, email: jikwon99@yahoo.com) if you have any questions.

FOR SALE DETAILS

PRICE

$3,146,000 USD

PRICE/SF

$520 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Red Robin

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

CC

APN/PARCEL ID

360-690-010

ASK ABOUT THIS PROPERTY

James KwonColdwell Banker Best RealtyMore Info
949-246-0759

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James KwonColdwell Banker Best RealtyMore Info
949-246-0759

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