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18320 Collier Ave
Lake Elsinore, CA 92530
Miguel's Jr. Mex Restaurant w/ Drive-Thru · Retail Property For Sale
Investment Highlights
- Miguel’s Jr. Corporate Executed Lease: 22 Southern California locations (Orange, Riverside, and San Bernardino Counties
- Rental Increases During Initial Term & Option Periods: 10% increases every 5 years
- New 2020 Construction / I-15 freeway at Central Avenue Location with Freeway Signage
- New Long-Term 20-Year Ground Lease
- QSR / Fast-food Pad to Community Shopping Center
- Strong Demographics (Within 20-Minute Drive-Time) High-Growth trade Area
Property Facts
Property Type
Retail
Property Subtype
Building Size
3,200 SF
Building Class
B
Year Built
2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.66 AC
Zoning
C2 - General Commercial
Parking
28 Spaces (8.75 Spaces per 1,000 SF Leased)
Frontage
198’ on Collier Avenue
Property Taxes
| Parcel Number | 377-081-004 | Improvements Assessment | $2,208,161 |
| Land Assessment | $883,263 | Total Assessment | $3,091,424 |
Property Taxes
Parcel Number
377-081-004
Land Assessment
$883,263
Improvements Assessment
$2,208,161
Total Assessment
$3,091,424
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