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Listing Details


Address: 29640, Goetz Road, Menifee, California, 92587

Price: $1,999,866

Cap Rate: 6.00%

Tenancy: Single Tenant

Status: Available

Listing Team


Jonathan Schiffer, Senior Associate, CCIM

949.688.1280

js@realsource.com


Jonathan Schiffer, Senior Associate, CCIM

949.688.1280

js@realsource.com

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Tenancy: La Bufadora Baja Grill
Building Size: 3800
Renewal Options: Three, 5-year Options
Lease Expiration: 4/30/2031
Rental Increases: 5.00% Annually in Year 3

• 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