Freestanding Drive-Through
13382 Limonite Avenue Eastvale, CA 92880
For Sale
$2,585,000
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 Market36
Property Features for 13382 Limonite Avenue
General Information
- Standard status
- Active
- Size
- 2,932 SF
- Lot size
- 0.69 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2018
Listing Agency:
Lee & Associates
(562) 665-1199
Listed By:
John Son · License #CalDRE #01069091
(562) 665-1199
Source:
Lee-associates
Added: Jun 18
Changed: Jul 23
Last Checked: Jul 23 at 12:20PM
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
Location Intelligence
Current Use by Public Records
Drive through restaurants
FAQs
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.
