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La Bufadora 29640 Goetz Rd 3,800 SF Retail Building Menifee, CA 92587 $2,264,000 ($595.79/SF) 5.30% Cap Rate
Investment Highlights
- Low-Rent, Low Price-point QSR
Executive Summary
• Single-Tenant La Bufadora Baja Grill:
° Corporate Lease from rapidly expanding Mexican restaurant brand
° NN+ Lease with minimal landlord responsibilities, ideal for a passive investor
° 5-Year initial lease term w/ three (3), 5-year Options
° 5.00% Annual Increases in Primary Term (Starting in 2028)
• About La Bufadora Baja Grill:
° Private, Southern California-Based Company
° Multi-Unit, Fast-Casual, Mexican Restaurant
° 13 Stores & actively expanding throughout select Southern California markets
° Experienced Operator w/ Close to 30-years servicing their loyal customers
° Corporate Lease from rapidly expanding Mexican restaurant brand
° NN+ Lease with minimal landlord responsibilities, ideal for a passive investor
° 5-Year initial lease term w/ three (3), 5-year Options
° 5.00% Annual Increases in Primary Term (Starting in 2028)
• About La Bufadora Baja Grill:
° Private, Southern California-Based Company
° Multi-Unit, Fast-Casual, Mexican Restaurant
° 13 Stores & actively expanding throughout select Southern California markets
° Experienced Operator w/ Close to 30-years servicing their loyal customers
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,800 SF
Building Class
C
Year Built
2024
Price
$2,264,000
Price Per SF
$595.79
Cap Rate
5.30%
NOI
$119,992
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.77 AC
Zoning
Commercial - Retail Trade
Parking
25 Spaces (6.58 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- La Bufadora Mexican Grill
- Accommodation and Food Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| La Bufadora Mexican Grill | Accommodation and Food Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Somewhat walkable
20/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 351-074-024 | Improvements Assessment | $4,196,710 |
| Land Assessment | $164,687 | Total Assessment | $4,361,397 |
Property Taxes
Parcel Number
351-074-024
Land Assessment
$164,687
Improvements Assessment
$4,196,710
Total Assessment
$4,361,397
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La Bufadora | 29640 Goetz Rd
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