40651 Murrieta Hot Springs - Restaurant FOR SALE


Murrieta, CA 92562
$4,295,000 USD
951-491-6322
40651 Murrieta Hot Springs, Murrieta, CA for Sale
$4,295,000 USD
Restaurant - FOR SALE
1/12
null | 5.86% Cap Rate

40651 Murrieta Hot Springs
Murrieta, CA 92562


HIGHLIGHTS

  • Well Known Regional Tenant with 19 Year Occupancy History
  • Absolute NNN/Zero Landlord Responsibilities
  • 10+ Years Remaining on Lease
  • Prominent Retail Exposure on Murrieta Hot Springs with 70,000+ VPD at Intersection
  • Located Directly on Short Route between I-15 and I-215 On/Offramps

OVERVIEW

WestMar Commercial Real Estate is proud to bring to market an extremely attractive and ideally located single tenant net lease (STNL) investment opportunity in the heart of the City of Murrieta (Temecula Valley), California. The subject property is the anchor location for a well-loved regional restaurant group called Richie's Real American Diner. This offering is for the physical improvements and the financial benefits from the attractive NNN lease which contains absolutely no landlord responsibilities. The property is perfectly situated with prominent visibility to the 70,000+ VPD that pass through the intersection on way to either the I-15 or I-215 on/offramps. The building consists of 6,966 square feet of improvements with above average quality sit-down restaurant buildout. Located on the hard corner at the signalized intersection of Hancock Avenue and Murrieta Hot Springs Road, it has been the build-to-suit home for Richie's for 19 years of the company's 32-year local operating history. The intersection also serves as the main arterial gateway to 600,000+ square feet of existing medical and professional office improvements, including the Rancho Springs Hospital, Rady Children's Primary Care facility, Crossroads Corporate Center and other esteemed and vital services. The Murrieta Pointe Shopping Center, of which it is a part, and the subject building also sit directly across from the long-awaited, and highly anticipated, Golden Triangle Lifestyle development which will ultimately consist of 1.7 million square feet of retail, hotel, office and entertainment attaractions. The developers are rumored to have anchor tenants secured and have planned for groundbreaking in the next 24 months. The Murrieta Pointe Shopping Center is a modern looking neighborhood center with an ideal mix of existing tenants, including Starbucks, Pacific Premier Bank and various retail service and medical/dental practices. This quality center, and its historically high occupancy rates, serves as an excellent home for Richie's Real American Diner today and shows promise to be even better in the future. The above information, while not guaranteed, has been secured from sources we believe to be reliable. Floor plan, site plan, price, tenant mix, and availability subject to change without notice.

FOR SALE DETAILS

PRICE

$4,295,000 USD

PRICE/SF

$617 USD /SF

CAP RATE

5.86%

% 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

Jerry PalmerWestMar Commercial Brokerage, Inc.More Info
951-491-6322

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Jerry PalmerWestMar Commercial Brokerage, Inc.More Info
951-491-6322

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