For Sale
$2,000,000

29640 Goetz RdMenifee, CA 92587

Prime Menifee location, 6.24% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, single-tenant, quick-service restaurant (QSR) building in Menifee, California. Located at 29640 Goetz Rd, this 3,200 square foot property sits on a 0.8-acre lot (APN 351-074-024) and boasts over 120 linear feet of frontage on Goetz Road, a major commuter route with over 10,410 cars per day. The property benefits from a high-traffic location at the intersection of Vista Way and Goetz Rd, experiencing over 32,000 cars daily. Its strategic placement ensures high visibility and consistent foot traffic, given its proximity to both residential and commercial areas. Built in 2024, this building features a coveted drive-thru, enhancing tenant appeal and operational efficiency. The property is currently 100% occupied under a triple-net (NNN) lease, meaning the tenant is responsible for all property expenses, including repairs and maintenance. This 15-year lease includes two 5-year renewal options, providing long-term income stability. The strong demographics further enhance this investment's appeal, with over 10,000 residents within a 1-mile radius boasting an average household income exceeding $126,000, and over 62,000 residents within a 3-mile radius averaging over $110,000. The property's Net Operating Income (NOI) is $124,800, yielding a compelling 6.24% capitalization rate at an asking price of $2,000,000. The property is zoned for General Commercial use. This is a turnkey investment ideal for passive investors seeking strong returns and long-term stability.

Highlights

  • High-visibility location at Vista Way & Goetz Rd intersection, boasting over 32,000 daily vehicle counts, with direct freeway access.
  • Excellent location with high residential and commercial density, ensuring consistent traffic.
  • Highly desirable drive-thru available, enhancing tenant appeal and supplementing online sales.
  • Brand new (2024) construction, minimizing landlord responsibilities.
  • Over 120 linear feet of frontage on Goetz Road, a major east/west commuter route (10,410 CPD).
  • NNN lease structure with expense pass-through, ideal for passive investors.

Property Details for 29640 Goetz Rd

Property type
Retail properties
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
34,848 SF
Units
1

Location Insight

City
Menifee
County
Riverside
State
California
Latitude
33.689958755437
Longitude
-117.24140089324
29640 Goetz Rd, Menifee, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
29640 Goetz Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message