Freestanding Drive-Through
For Sale
$2,585,000
13382 Limonite Avenue, Eastvale, CA 92880
Single-tenant freestanding drive-through restaurant on a pad site with dedicated parking spaces under an absolute NNN ground lease.
Property Size2,932 SF
Lot Size0.69 Acres
Price / SF$881.65
Days on Market82
Property Features for 13382 Limonite Avenue
General Information
Standard status
Active
Size
2,932 SF
Total Parking Spaces
22
Lot size
0.69 Acres
Property subtype
Retail
Occupancy
100%
Additional Details
Cap Rate
4.89%
Building Details
Building Size
2,932 SF
Year Built
2018
Tenancy
Single
Listing Agency:
Lee & Associates
Listed By:
John Son · License #CalDRE #01069091
(562) 665-1199
Source:
Lee-associates
Added: Jun 18
Changed: Aug 26
Last Checked: Sep 7 at 6:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates
Investment Insights
Based on property information with market context.
This single-tenant absolute NNN ground lease investment is occupied by Miguel’s Jr. Homestyle Mexican Foods. The property includes a freestanding 2,932-square-foot restaurant building on a 30,056-square-foot pad site with 22 dedicated parking spaces. Miguel’s Jr. operates under a long-term absolute net ground lease, with the lease currently extending beyond 12 years from commencement and zero landlord responsibilities.
The property is situated in a high-traffic neighborhood shopping center anchored by Smart & Final. Additional retail tenant support includes brands such as El Pollo Loco and Dutch Bros., contributing to an established commercial setting with ongoing consumer activity.
The lease structure includes four additional five-year extension options. Lease terms and extension provisions provide for potential occupancy through 2058, subject to option exercise. Ownership is leased fee interest, with the current lease expiration noted for September 30, 2038.
The property is situated in a high-traffic neighborhood shopping center anchored by Smart & Final. Additional retail tenant support includes brands such as El Pollo Loco and Dutch Bros., contributing to an established commercial setting with ongoing consumer activity.
The lease structure includes four additional five-year extension options. Lease terms and extension provisions provide for potential occupancy through 2058, subject to option exercise. Ownership is leased fee interest, with the current lease expiration noted for September 30, 2038.
Key Highlights
- 2018‑built, single‑tenant freestanding drive‑through restaurant with 2,932 SF on a 30,056 SF pad site (0.69 AC).
- Absolute NNN ground lease with zero landlord responsibilities; leased fee interest.
- Miguel’s Jr. has more than 12 years remaining on the lease; lease expires September 30, 2038.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
99k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Groceries 35%
Shops & Services 3%
Smart & Final
Groceries
34,491 visits/mo
0.1 miles
Dutch Bros. Coffee
Dining
33,194 visits/mo
0.1 miles
El Pollo Loco
Dining
13,665 visits/mo
0.1 miles
Miguel's Jr
Dining
12,801 visits/mo
0.0 miles
Les Schwab Tire Center
Shops & Services
2,830 visits/mo
0.1 miles
Demographics for 92880, CA
75,365
Population
20,743
Households
3.6
Avg Household Size
35
Median Age
41%
College-Educated
89%
High-School Grad
26.2 sq mi
ZIP Area
2,877
Density / Sq Mi
$151,445
Median Household Income
$59,095
Median Earnings
$2,596
Median Rent
$724,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Single-tenant freestanding drive-through restaurant on a pad site with dedicated parking spaces under an absolute NNN ground lease.
Where is this drive through restaurant located?
The property is located at 13382 Limonite Avenue Eastvale, CA.
What is the asking price?
The asking price for this property is $2,585,000.
What are key features of this property?
This property features: 2018‑built, single‑tenant freestanding drive‑through restaurant with 2,932 SF on a 30,056 SF pad site (0.69 AC).; Absolute NNN ground lease with zero landlord responsibilities; leased fee interest.; Miguel’s Jr. has more than 12 years remaining on the lease; lease expires September 30, 2038.
