29640 Goetz Rd Canyon Lake, CA 92587-9069

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, single-tenant, quick-service restaurant (QSR) building in Menifee, California. Located at 29640 Goetz Rd, this 3,200 square foot property sits on a 0.8-acre lot (APN 351-074-024) and boasts over 120 linear feet of frontage on Goetz Road, a major commuter route with over 10,410 cars per day. The property benefits from a high-traffic location at the intersection of Vista Way and Goetz Rd, experiencing over 32,000 cars daily. Its strategic placement ensures high visibility and consistent foot traffic, given its proximity to both residential and commercial areas. Built in 2024, this building features a coveted drive-thru, enhancing tenant appeal and operational efficiency. The property is currently 100% occupied under a triple-net (NNN) lease, meaning the tenant is responsible for all property expenses, including repairs and maintenance. This 15-year lease includes two 5-year renewal options, providing long-term income stability. The strong demographics further enhance this investment's appeal, with over 10,000 residents within a 1-mile radius boasting an average household income exceeding $126,000, and over 62,000 residents within a 3-mile radius averaging over $110,000. The property's Net Operating Income (NOI) is $124,800, yielding a compelling 6.24% capitalization rate at an asking price of $2,000,000. The property is zoned for General Commercial use. This is a turnkey investment ideal for passive investors seeking strong returns and long-term stability.