I-215 And Clinton Keith Rd, Murrieta, CA 92562

Property Details for I-215 And Clinton Keith Rd

Year built

2024

Lot size

0.80 lot acres

Property type

Retail properties & Spaces

Property subtype

Auto shops

Description

Exceptional investment opportunity: A brand-new, 5,000 square foot Ramona Tires auto shop in Murrieta, CA, is available for purchase. This fee-simple ownership opportunity presents a strong return with a 5.00% cap rate and a Net Net Net (NNN) lease structure, minimizing landlord responsibilities. The property boasts a 20-year lease with two 5-year options, featuring a 15% rental increase every five years, providing built-in inflation protection and growing net operating income (NOI) of $192,271. The corporate-guaranteed lease by Sun Auto (a 425-unit operator) ensures financial stability. Situated on a 0.8-acre lot with 21 parking spaces, the property enjoys a prime location at the northeast corner of I-215 and Clinton Keith Road, within the newly developed Vineyard Shopping Center, anchored by Costco and ALDI. This high-traffic area benefits from excellent visibility and access to over 27,000 vehicles daily and direct access to Interstate 215 (110,000 vehicles per day). The surrounding area includes numerous national retailers and significant residential development, creating a strong consumer base with an affluent average household income of $131,546 within a one-mile radius. The property's permitted zoning is Regional Commercial, and it was built in 2024. This turnkey investment offers a compelling combination of strong tenant, location, and lease terms, making it an ideal addition to any portfolio. The asking price is $3,845,000, with a price per square foot of $769. The property's APN is 392-270-063.

Location Insight

City

Murrieta

County

Riverside

State

California

Longitude

-117.194

Latitude

33.5957