29640 Goetz Rd - Restaurant FOR SALE


Menifee, CA 92587
$2,000,000 USD
909-575-0000
29640 Goetz Rd, Menifee, CA for Sale
$2,000,000 USD
Restaurant - FOR SALE
1/6
null | 6.25% Cap Rate

29640 Goetz Rd
Menifee, CA 92587


HIGHLIGHTS

  • Daily traffic counts of +32,000 cars per day at the intersection of Vista & Goetz, 2 main arterial roads that directly connect to the 215 Freeway
  • Proximately located to both residential and commercial density which keeps the property heavily trafficked and busy
  • Tenant Pays for repairs and maintenance(1), making Los Amigos an excellent investment for out of town or passive investors
  • The property has a newly built drive-thru, which increases sales potential as well as provides diverse tenant replacement options
  • New 15-Year Lease with Two 5-Year Options to Renew and Increases
  • Newly constructed prototype building, strategically located in an emerging market with modern amenities

OVERVIEW

This investment opportunity features a strategically located property at the intersection of Vista Way and Goetz Rd, + 32,000 CPD. The site benefits from proximity to both residential and commercial areas, ensuring consistent foot traffic and high visibility. This brand new pride of ownership asset features a drive thru and is a newly constructed building (2024). The property offers over 120 linear feet of frontage on Goetz Road, a primary commuter route with over 10,410 cars per day. Operating under a NNN lease, the tenant is responsible for repairs and maintenance, making this an attractive option for passive investors. The long-term lease spans 14 years, with two additional 5-year renewal options, providing stability and income security. Demographics are impressive with over 10,000 residents within a 1-mile radius boasting an average household income of over $126,000, and more than 62,000 residents within 3 miles averaging over $110,000.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$625 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Los Amigos

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,678 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Vanessa HaddadMarcus & MillichapMore Info
909-575-0000

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Vanessa HaddadMarcus & MillichapMore Info
909-575-0000

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