26420 Ynez Rd, Temecula, CA 92591 - Property for Sale
Available For Sale - Retail
8,562 SF
|
Show Pricing $
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AVAILABILITY DETAILS
- Size
- 8,562 SF
- Price/SF
-
Show Pricing $
- Listing ID
- SA560528
- Notes
- New 15-Year Lease
10% Increase Every 5 Years
Corporate Lease (Yes)
Renovated in 2023
OFFERING SUMMARY
LOCATION
26420 Ynez Road | Temecula, CA
OFFERING SUMMARY
Price: $5,750,000
Current Net Operating Income (NOI)(1): $285,000
Current Capitalization Rate: 4.96%
Net Rentable Area: ±8,562 SF
Year Built: 2000
( RENOVATED IN 2023)
Lot Size: 1.20 Acres
LEASE TERM(1):
Rent Commencement(2): 07/08/2023
Lease Expiration: 08/31/2038
Lease Term: 15 Years
Roof & Structure: Tenant
Monthly Rent: $23,750
Annual Rent: $285,000
Lease Type: Absolute NNN
Rental Increases/Options: 10% Every 5 Years/
Three - 5 Years Options
(1) All lease provisions to be independently verified by Buyer during the Due
Diligence Period.
(2) Estimated lease commencement and expiration dates.
INVESTMENT HIGHLIGHTS
BENIHANA RESTAURANT
• New 15 Year Lease
• Renovated 2023
• Parent Company Corporately Guaranteed Lease
• 10% Increase Every 5 Years
• Benihana generates over $314 Million In annual revenue in the U.S.
• Benihana has more 89 locations Globally
• The Temecula Benihana is a TOP performing location for Benihana
nationwide, and is ranked #10 in visitation of all restaurants nationwide
per Placer.ai
FEE SIMPLE OWNERSHIP | MINIMAL LANDLORD
RESPONSIBILITY
• Tenant pays for property tax, insurance, CAM and all aspects of the premises
• Tenant is responsible for roof & structure
• Ideal, management-free investment for a passive investor
- Uses
- Retail
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.
Listing provided courtesy of
Brian Bielatowicz, Lee & Associates
Brian Bielatowicz, Lee & Associates
