Impact Church Building
Industrial | 5.08% CAP | 16,555 SqFt
Marketing description
Stated NOI begins October 1, 2026 and assumes Impact Church Base Rent of $1.36/sf/month (Modified Gross).
Rent for Impact Church remains flat between 04-01-2026 and 03-31-2028. 2.0% annual increases follow thereafter.
Impact Church signed a new 5-year lease that will not expire until 03-31-2031.
Impact Church has NO options to extend lease beyond 03-31-2031.
NOI assumes 93% Impact Church real estate tax exemption (pending).
NOI based on Base Rent from Impact Church of $1.36/sf/month (Modified Gross) beginning 10-01-2026.
Rent from 04-01-2026 through 09-30-2026 for Impact Church is temporarily reduced to $1.17/sf/month (Modified Gross).
Impact Church Base Rent increases to $1.59/sf/month (Modified Gross) if church tax exemption is disallowed by County of Riverside.
Impact Church tenant reportedly spent $1.1 million (excluding approximately $200,000 of donated electrical work) on Tenant Improvements.
Two tenants in building (Impact Church, 15,385sf: 5-year lease extension began 04-01-2026) & (Menifee Teacher's Association, 1,089sf: lease is Month-to-Month).
Investment highlights
1 block north of Newport Road/I-215 On/off-ramp with easy freeway access.
Walking distance to US Post Office, Menifee Police Station, City Hall, Menifee Union School District offices, Chick Fil-A & many other restaurants.
In the heart of the City of Menifee, just north of Newport Road, Menifee's busiest corridor.
Beautifully upgraded and maintained. Impact Church occupies approximately 93% of the building.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
