Miguel's Jr. | 13382 Limonite Avenue
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
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