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27851-27875 Encanto Dr

3,200 SF Retail Building Menifee, CA 92586 £3,318,042 (£1,037/SF) 4.52% Net Initial Yield

Executive Summary

Corporate Leased Shell Gas Station and C-Store, Located on the NE Corner of I-215 and McCall Blvd, 20 Year Absolute Net Ground Lease, 10% Increases Every 5 Years , 74,880 VPD

Property Facts

Sale Type
Investment NNN
Sale Condition
Ground Lease Sold
Property Type
Retail
Building Size
3,200 SF
Building Class
B
Year Built
2025
Construction Status
Proposed
Price
£3,318,042
Price Per SF
£1,037
Net Initial Yield
4.52%
NOI
£150,102
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Land Acres
1.50 AC

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 3,200 SF
  • Retail
  • -
  • 120 Days

3,200 SF Fast Food/Drive-Thru Pad Available. Direct Access to On/Off Ramp For I-215 Fwy. High Traffic Intersection. Major Retail Development Adjacent to the Site

  • 1st Floor
  • 3,700 SF
  • Retail
  • Outparcel
  • 120 Days
Space Size Space Use Position Available
1st Floor 3,200 SF Retail - 120 Days
1st Floor 3,700 SF Retail Outparcel 120 Days

1st Floor

Size
3,200 SF
Space Use
Retail
Position
-
Available
120 Days

1st Floor

Size
3,700 SF
Space Use
Retail
Position
Outparcel
Available
120 Days

1st Floor

Size 3,200 SF
Space Use Retail
Position -
Available 120 Days

3,200 SF Fast Food/Drive-Thru Pad Available. Direct Access to On/Off Ramp For I-215 Fwy. High Traffic Intersection. Major Retail Development Adjacent to the Site

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PROPERTY TAXES

Parcel Numbers
Multiple
  • 333-040-002
  • 333-040-004
  • 333-040-003
 Improvements Assessment £0
Land Assessment £1,411,306 Total Assessment £1,411,306

PROPERTY TAXES

Parcel Numbers
Multiple
  • 333-040-002
  • 333-040-004
  • 333-040-003
Land Assessment
£1,411,306
Improvements Assessment
£0
Total Assessment
£1,411,306
(858) 373-3176

  • Listing ID: 34048416

  • Date on Market: 02/12/2024

  • Last Updated:

  • Address: 27851-27875 Encanto Dr, Menifee, CA 92586

The Retail Property at 27851-27875 Encanto Dr, Menifee, CA 92586 is currently available For Sale. Contact Marcus & Millichap for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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27851-27875 Encanto Dr, Menifee, CA for sale Building Photo- Image 1 of 11
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27851-27875 Encanto Dr, Menifee, CA for sale Building Photo- Image 4 of 11
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27851-27875 Encanto Dr, Menifee, CA for sale Building Photo- Image 5 of 11
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27851-27875 Encanto Dr, Menifee, CA for sale Building Photo- Image 6 of 11
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27851-27875 Encanto Dr, Menifee, CA for sale Building Photo- Image 7 of 11
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27851-27875 Encanto Dr, Menifee, CA for sale Primary Photo- Image 8 of 11
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© 2024 CoStar Group

27851-27875 Encanto Dr
(858) 373-3176 x

27851-27875 Encanto Dr

1/2

Ben Tashakorian

(858) 373-3176

(858) 373-3176

Bradley Peters

(858) 373-3227

(858) 373-3227

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