2545 W Florida Ave | Hemet, CA 92545
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2545 W Florida Ave
Hemet, CA 92545
Petco · Retail Property For Sale
Investment Highlights
- National Credit Tenant (NYSE: WOOF - S&P: B) | 1,500+ Locations Worldwide
- 1 (5-Year) Option Remaining with a 10.00% Rental Increase
- Located 75 Miles Southeast of Downtown Los Angeles | Diverse & Dynamic Economic Center | Strong Growing Demographics in the Immediate Trade Area
- Below-Market Rent | Long Operating History, 10-Year Initial Term Commenced in 2005 | Tenant has Extended its Lease Twice | NN Lease
- Dominant Retail Location along Hwy 74/W Florida Ave (43,677 VPD) | Adjacent to 270K SF Hemet Valley Mall | Excellent Visibility & Access
- 171,906 People with an Average Household Income of $74,186 within 5 Miles
Executive Summary
Newmark, as an exclusive advisor, is pleased to present the opportunity to acquire a single-tenant, net leased Petco in Hemet, CA.
NN Lease Structure
0.9 Years Lease Term Remaining
Fee Simple Ownership Interest
NN Lease Structure
0.9 Years Lease Term Remaining
Fee Simple Ownership Interest
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,500 SF
Building Class
C
Year Built
2005
Price
$2,950,000
Price Per SF
$219
Cap Rate
6.94%
NOI
$204,730
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.52
Lot Size
0.60 AC
Zoning
CM
Parking
106 Spaces (7.85 Spaces per 1,000 SF Leased)
Frontage
123 FT on W Florida Ave
PROPERTY TAXES
| Parcel Number | 448-320-033 | Improvements Assessment | $2,450,779 |
| Land Assessment | $377,875 | Total Assessment | $2,828,654 |
PROPERTY TAXES
Parcel Number
448-320-033
Land Assessment
$377,875
Improvements Assessment
$2,450,779
Total Assessment
$2,828,654
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
