- For Sale $2,585,000
- Property Type Retail - Street Retail
- Property Size 2,932 SF
- Lot Size 0.69 Acre
- Year Built 2018
- Date Updated Jun 17, 2026
Description
Freestanding drive-through restaurant on Limonite Avenue in Eastvale within a high-traffic neighborhood shopping center anchored by Smart & Final and supported by national retailers.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.
Highlights
- Building SF ±2,932 SF
- Cap Rate 4.89%
- Commencement Date October 1, 2018
- Extension Options Four (4) extension options of five (5) years each
- In-Place NOI $126,500
- Lease Expiration September 30, 2038
- Lease Type Absolute NNN – zero landlord responsibilities
- Lot Size ±0.69 AC (±30,056 SF)
- Ownership Leased Fee Interest
- Purchase Price $2,585,000
- Rental Escalations 10% every 5 years
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Contacts
John Son
Lee & Associates Orange
Location
Contact Listing Broker
John Son
Lee & Associates Orange