World’s Largest Hamburger Chain
26875 Newport Road - Menifee CA 92584
LTV (Loan to Value) | 65.00% | Current NOI | $82,000.00 |
Interest Rate | 4.250% | Capital Rate | 0.000% |
Fixed Term | 10 Years | Land Area | 1.14 Acre |
Amortization | 25 Years | Lease Type | NNN Ground Lease |
Loan Amount | $1,776,450.00 | Property Type | Retail |
Payment | $9,623.71 | Property Lease | Fast-Food with Dual Drive-Thru Lanes |
Bulding Size | 3,729 SF | Remaining Terms |
Location Description
NNN Lenders is offering for sale to qualified investors a rare opportunity to purchase a “Best in Class” McDonald's located in Southern California. Constructed in 2014 with 19 years remaining on a 20-year lease, the property offers secure and management free returns and 10% rental increases every 5 years. The restaurant is situated on 1.14 acres at 26875 Newport Road in the City of Menifee, CA. Menifee is located within the Temecula Valley of southwestern Riverside County, approximately 40 miles east of the Newport Beach coastline and 15 miles north of San Diego County. The city of Menifee encompasses approximately 50 square miles, has a current population of 85,385 residents, and is one of the fastest growing cities in California. Over 15,000 new homes are being developed within 2 miles of McDonald's. McDonald's is located on Newport Road, a major commercial and residential thoroughfare between I-215 and I-15. The strategic location along a major highway with immediate access from all directions, and dual drive-thru lanes provide excellent real estate fundamentals. The property is part of a retail center encompassing over 22 acres. Major retailers located nearby include Target, Lowes, Kohl's, TJ Maxx, Staples, BevMo, and Petco.
Highlights
Trophy Asset – This is truly a unique opportunity to purchase a McDonald’s with a long term lease in the…
Property Description
The City of Menifee is located in the Temecula Valley of southwestern Riverside County approximately 40 miles east of Newport Beach, 30 miles south of Riverside and 20 miles north of San Diego County. The city encompasses approximately 50 square miles with an overall population of 85,385. As one of the fastest growing areas in California, Menifee’s population growth was three times higher than the state average according to the 2010 Census. The incorporated City of Menifee includes the communities of Menifee, Sun City, Quail Valley, Paloma Valley and portions of Romoland.Menifee is conveniently located between the confluence of I-215 and I-15 major corridors connecting the Temecula Valley to Los Angeles, Orange County, San Diego, Riverside and San Bernardino. The city is located within 90 minutes of all Southern California major metro areas. Its central and accessible location is attractive to residents and businesses looking for suburban living in safe and secure neighborhoods. Menifee is one of the few communities in Southern California with available land in an economic development corridor. This business-friendly city is also investing more than $100 million in infrastructure and traffic improvement projects over the next five years. As more developers are discovering this unique opportunity, Menifee is buzzing as the new hot spot in the Temecula Valley.