Freestanding Building with Rental Income 33389 Old State Hwy

±2,702 SF Available to Occupy Immediately
Income from Leased Drive-Thru Space – Alberto’s Mexican Restaurant is currently paying $7,200/month with 3% annual increases. Their space features an extensive build-out, including an underground grease interceptor and hood system. They recently executed a 5-year extension to February 2029 (with an option to extend to 2034), demonstrating their continued commitment to the site.
High Traffic Location – Located at the intersection of Highway 74 & Highway 79 (Winchester Road) with visibility to ±45,900 cars per day.
Centrally Located – ±167,200 residents live within a 15-minute drive of the property. Highways 74 and 79 make the property easily accessible to residents in Perris, Hemet, San Jacinto, Menifee, and the French Valley.
Ideal for Dentist, Medical Professional, Retailer, Restaurant, & More
Cannabis License Potentially Available – Call for details.
Purchase financing is available to owner-users through the Small Business Administration. Down payments as low as 10%.
If purchased with 10% down ($250,000), the monthly loan payment is estimated at $14,700/month. Accounting for $7,200 of monthly gross rent from Alberto’s, the effective cost to occupy the remaining 2,702 SF is $7,500. The monthly principal paydown is an additional $3,400/month benefiting an owner, bringing the total effective cost to occupy the remaining 2,702 SF to just $4,100/month, or $1.52/SF – far less than leasing!
2018 High Quality Construction – The property features best in class construction, including a concrete parking lot, drought tolerant landscaping, monument signage, stone columns, metal tin facia, LED parking lot lighting, and more.