www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33684262
33684264

13382 Limonite Avenue, Eastvale, CA 92880

JS
CA 01069091
Lee & Associates - Orange
Lee & Associates - Orange
Listed by Lee & Associates - Orange
$2,585,000
2 days on market
Updated 2 days ago

Miguel's Jr. | 13382 Limonite Avenue

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,932
Cap Rate 4.89%
NOI $126,500
Tenancy Single
Brand/Tenant Miguel's Jr. Homestyle Mexican Foods
Lease Type Absolute NNN
Lease Expiration 09/29/2038
Rent Bumps Yes
Lease Options Four (4) extension options of five (5) years each
Year Built 2018
Buildings 1
Acreage 0.690
Parking Spaces 22 spaces
Parking Per SqFt 7.50
Lease Commencement 09/30/2018
Ground Lease Yes
Ownership Leased Fee Interest

13382 Limonite Avenue, Eastvale, CA 92880

Marketing description

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.

Investment highlights

  • Single Tenant Absolute NNN Lease
  • Drive Through Restaurant Investment Opportunity
  • More than 12 years of remaining lease term
  • Four (4) additional five-year extension options, offering potential occupancy through 2058
  • 10% rental escalations every 5 years
  • Zero landlord responsibilities
  • Strategically positioned within a high-traffic neighborhood shopping center anchored by Smart & Final
  • Located in one of the Inland Empire's fastest-growing communities
  • Leased Fee Interest ownership structure

Listing Contacts

JS
CA 01069091
Lee & Associates - Orange
Lee & Associates - Orange
Listed by Lee & Associates - Orange

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$126,500.00
$10,541.67/mo

Valuation Metrics

0
DSCR
4.89%
Cap Rate
4.89%
ROI

Map

Zoning

Intelligence Badge
C-P-S CommercialSpecial CommercialScenic Highway Commercial
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 136 uses
View all 136 uses
Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591