Ono Hawaiian BBQ | New 15yr Abs NNN Grd Lse | 27950 Clinton Keith Rd
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Ono Hawaiian BBQ | New 15yr Abs NNN Grd Lse 27950 Clinton Keith Rd
3,206 SF Retail Building Murrieta, CA 92563 $3,070,000 ($958/SF) 4.56% Cap Rate
Investment Highlights
- Brand New 15-Year Ground Lease | Scheduled Rental Increases | Options to Extend | Popular Fast-Casual Brand
- The Vineyard Shopping Center | Dense Retail Corridor | Nearby Developments | Estimated Opening Q4 2024
- Direct Residential Consumer Base | Six-Figure Incomes |Strong Demographics in 5-Mile Trade Area
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Located Along Clinton Keith Road | Centralized Location | Drive-Thru Equipped | Highly Visible
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground lease, freestanding Ono Hawaiian BBQ investment property located in Murrieta, California (Los Angeles MSA). The tenant recently signed a brand new 15-year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,206 SF
Building Class
C
Year Built
2025
Construction Status
Proposed
Price
$3,070,000
Price Per SF
$958
Cap Rate
4.56%
NOI
$140,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.82 AC
Zoning
RC - Regional Commercial
Parking
25 Spaces (7.8 Spaces per 1,000 SF Leased)
Frontage
1,008 FT on Clinton Keith Road
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
Nearby Major Retailers
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Ono Hawaiian BBQ | New 15yr Abs NNN Grd Lse | 27950 Clinton Keith Rd
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