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Menifee Lakes Plaza 29787 Antelope Rd 17,854 SF Retail Building Menifee, CA 92584 $5,310,000 ($297.41/SF) 5.40% Cap Rate
Investment Highlights
- Great opportunity to acquire a high-quality, single-tenant grocery asset in one of the Inland Empire’s fastest-growing communities
- Daily-needs anchor with recession-resistant traffic, strategically positioned in Menifee’s primary retail corridor and surrounded by expanding housing
- Long-term NNN lease through 05/2034 with Barons Market—an established regional grocer known for strong sales performance, curated product offerings
- Excellent passive investment featuring contractual rent escalations, minimal landlord responsibilities, and durable cash flow
Executive Summary
Barons Market at Menifee Lakes Plaza presents the investment community with an opportunity to acquire a high-quality, single-tenant grocery asset in one of the Inland
Empire’s fastest-growing communities. The property is secured by a long-term NNN lease (expiration 05/2034) with Barons Market, a successful regional grocer with 9 locations and known for its loyal customer base and curated, value-driven product offerings.
Empire’s fastest-growing communities. The property is secured by a long-term NNN lease (expiration 05/2034) with Barons Market, a successful regional grocer with 9 locations and known for its loyal customer base and curated, value-driven product offerings.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
17,854 SF
Building Class
B
Year Built
2019
Price
$5,310,000
Price Per SF
$297.41
Cap Rate
5.40%
NOI
$286,560
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
1.53 AC
Zoning
S-P
Parking
28 Spaces (1.56 Spaces per 1,000 SF Leased)
Nearby Major Retailers
Property Taxes
| Parcel Number | 340-620-023 | Improvements Assessment | $3,335,618 |
| Land Assessment | $1,749,832 | Total Assessment | $5,085,450 |
Property Taxes
Parcel Number
340-620-023
Land Assessment
$1,749,832
Improvements Assessment
$3,335,618
Total Assessment
$5,085,450
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Menifee Lakes Plaza | 29787 Antelope Rd
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