40651 Murrieta Hot Springs - Restaurant FOR SALE


Murrieta, CA 92562
$3,950,000 USD
909-957-9243
40651 Murrieta Hot Springs, Murrieta, CA for Sale
$3,950,000 USD
Restaurant - FOR SALE
1/6
null | 6.37% Cap Rate

40651 Murrieta Hot Springs
Murrieta, CA 92562


HIGHLIGHTS

  • Offered at a 6.37% CAP Rate with next increase on April 1, 2030 – CAP Rate of 7.01%
  • Absolute NNN Lease with No Landlord Responsibilities; Excellent Street Exposure on Murrieta Hot Springs Rd with ±48,790 Vehicles per Day
  • Very Low Rent to Sales Ratio with Historically Strong & Consistent Sales, Please Contact Listing Agents for Further Information
  • ±9 Years and 8 Months Remaining on the Initial Term of the Lease; ±20 Years of Site History with the Original Tenant, Built to Suit in Year 2005
  • Desirable Demographics with an Average Household Income of $123,394 and Population of 186,716 in a 5-Mile Radius
  • Situated 2 blocks from the Interstate 215 and Interstate 15 Freeway On/Off-Ramps; Fee Simple Offering (Building and Land)

OVERVIEW

Marcus & Millichap Commercial Real Estate Company is pleased to exclusively present an absolute NNN investment opportunity located at 40651 Murrieta Hot Springs Road in Murrieta, California. This well-known regional tenant, Richie’s Real American Diner, has occupied said building since being built-to-suit in year 2005. The lease in-place has no landlord responsibilities and there is approximately ±9 years and 8 months remaining on the original term with four-5-year options to renew. The tenant has historically strong and consistent sales, hence there is a very low rent to sales ratio (please contact listing team for further information on sales figures). Richie’s Real American Diner is situated in the Murrieta Pointe Shopping Center, with other tenants including Starbucks, Pacific Premier Bank, T-Mobile, and various other retail, medical/dental practices. Situated on a corner lot, the property has excellent street exposure on Murrieta Hot Springs Rd, with ±48,790 vehicles per day and is within two blocks of the I-215 and 1-15 on/off -ramps. Richie’s Real American Diner and the shopping center is located directly across from the highly anticipated Golden Triangle Lifestyle development which will consist of ±1.7 million square feet of hotel, office, retail and entertainment attractions. Anticipated construction is estimated to start in the next 2 to 3 years

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$567 USD /SF

CAP RATE

6.37%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Richie's Real American Diner

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

CC, Murrieta

APN/PARCEL ID

910-250-039

ASK ABOUT THIS PROPERTY

Kevin StruveMarcus & MillichapMore Info
909-957-9243

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Kevin StruveMarcus & MillichapMore Info
909-957-9243

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