Del Taco 27596 Clinton Keith Rd 2,361 SF Retail Building Murrieta, CA 92562 $3,266,666 ($1,383.59/SF) 6% Cap Rate

Lyon Stahl Investment Real Estate is pleased to present the opportunity to acquire a freestanding, absolute NNN drive-thru restaurant leased to Del Taco, LLC, located at 27596 Clinton Keith Road in Murrieta, California. This offering provides investors with durable, inflation-protected income backed by a nationally recognized quick-service operator within one of Southern California’s most dynamic population growth corridors.
The subject property is a modern 2011 build-to-suit drive-thru restaurant totaling approximately 2,361 square feet and situated on approximately 0.67 acres (29,185 SF). The site was purpose-built for high-volume quick-service operations and features an efficient drive-thru configuration, strong frontage along Clinton Keith Road (±33,800 ADT), excellent access, and dedicated on-site parking. The asset benefits from its position within a dense residential trade area supported by continued housing development and commuter traffic along the I-15 corridor.
The lease structure is absolute triple net (NNN), requiring the tenant to pay all real estate taxes, insurance, maintenance, and repairs, resulting in zero landlord responsibilities and truly passive ownership. Current annual base rent is $176,928. The lease includes CPI-based rent increases every five years with a 10% cap. The upcoming adjustment on December 14, 2026 is projected to increase rent by the full 10%, bringing annual base rent to approximately $194,621. The offering price of $3,266,666 reflects a 6.00% capitalization rate based on this upcoming increased rent, providing a clearly defined path to income growth.
The lease expires December 31, 2031, with approximately five years remaining, and includes four (4) additional five-year renewal options, creating potential long-term tenancy through 2051. The corporate lease structure, renewal options, and established site operations provide durability and long-term control of the real estate.
Murrieta is one of Southwest Riverside County’s fastest-growing and most affluent communities, with a population exceeding 110,000 residents and median household incomes above $114,000. The city’s strategic location along the I-15 and I-215 corridors provides connectivity between Los Angeles, Orange County, and San Diego, supporting commuter density and retail demand. Continued residential expansion, planned multifamily development, and strong household formation reinforce long-term consumer spending fundamentals in the immediate trade area.
From a broader retail perspective, drive-thru-oriented quick-service real estate continues to outperform traditional inline retail formats. Consumer demand has shifted toward convenience, speed, and off-premise dining, strengthening the long-term relevance of well-located drive-thru assets. Freestanding QSR sites with modern construction, strong traffic counts, and absolute NNN lease structures remain among the most sought-after net-lease investment categories.
This offering combines passive ownership, built-in CPI inflation protection, an upcoming NOI increase, corporate tenancy, and exposure to Inland Empire population growth. At a 6.00% cap rate based on the increased rent of approximately $194,621, the asset presents an attractive California yield relative to coastal core markets while maintaining strong demographic tailwinds and long-term real estate fundamentals.