Menifee, California, is an attractive location for investors seeking to purchase a restaurant, with 1 available listings to choose from. Restaurants in Menifee offer a unique investment opportunity, as they can cater to the diverse needs of the local population, including families, young professionals, and retirees. Whether you're interested in a casual dining experience or a fine dining establishment, Menifee has a range of options to suit different tastes and preferences. The city's infrastructure, including the Menifee Global Medical Center, Eastern Municipal Water District, and Menifee Police Department, provides a solid foundation for businesses to thrive. Additionally, Menifee's location near major transportation hubs, such as Interstate 215 and Newport Road/Dominegoni Parkway, makes it an ideal spot for restaurants to attract customers from surrounding areas. With its growing population of around 90,000 residents, Menifee offers a promising market for restaurant owners, with attractions like the 6-acre Action Sports Park and the Menifee Valley Campus of Mt. San Jacinto College drawing in visitors from nearby cities.
Restaurants in Menifee are part of a larger commercial landscape that includes apartment buildings, shopping centers, specialty properties, and hotels. The city's apartment buildings offer a range of housing options for residents, while shopping centers like the Menifee Lakes Country Club provide convenient access to retail and dining options. Specialty properties, such as the Sun City retirement community, cater to specific demographics, and hotels like the Hampton Inn & Suites offer accommodations for visitors. With its diverse range of commercial properties, Menifee presents a unique opportunity for investors to diversify their portfolios and tap into the city's growing economy. Overall, Menifee's restaurants, along with its other commercial properties, contribute to a thriving business environment that is ripe for investment.
What is the average cost per square foot for a restaurant in Menifee?
The average cost per square foot for a restaurant in Menifee is $457 USD per square foot, with an average size of 5,445 square feet and a largest size of 5,445 square feet among the 1 available listings.
What factors determine the value of a restaurant for sale in Menifee?
When evaluating the value of a restaurant for sale in Menifee, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Interstate 215 and Newport Road/Dominegoni Parkway, as well as accessibility to local amenities like the 38 parks and the Menifee Valley Campus of Mt. San Jacinto College, influencing foot traffic and customer demographics;
- Financial performance, with metrics like average cap rate, 5.5%, and average price per square foot, $457 USD, playing a significant role in determining the restaurant's value;
- Physical characteristics, such as the average size in square feet, 5,445 square feet, and largest size in square feet, 5,445 square feet, as well as the overall condition and age of the property.
