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Miguel's Jr. at Eastvale Marketplace 13382 Limonite Ave 2,935 SF Retail Building Eastvale, CA 92880 $3,616,079 CAD ($1,232.05 CAD/SF) 4.89% Cap Rate



Investment Highlights
- Fee simple ownership with 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.
Executive Summary
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
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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,935 SF
Building Class
B
Year Built
2018
Price
$3,616,079 CAD
Price Per SF
$1,232.05 CAD
Cap Rate
4.89%
NOI
$176,826 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.69 AC
Zoning
C-P-S Scenic Highway Comm - Quick Service Restaurant with Drive Thru
Parking
45 Spaces (15.33 Spaces per 1,000 SF Leased)
Frontage
242’ on Sumner Ave
Amenities
- Signalized Intersection
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 164-030-040 | Improvements Assessment | $2,922,045 CAD |
| Land Assessment | $917,919 CAD | Total Assessment | $3,839,964 CAD |
Property Taxes
Parcel Number
164-030-040
Land Assessment
$917,919 CAD
Improvements Assessment
$2,922,045 CAD
Total Assessment
$3,839,964 CAD
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Miguel's Jr. at Eastvale Marketplace | 13382 Limonite Ave
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