889 W Florida Ave
Hemet, CA 92543
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- High Traffice Corner of Florida Ave. and Palm Ave.
- Shadow anchored by a Walmart Neighborhood Market
- Signalized Intersection with over 36,000 Vehicles / Day
- Situated on a major retail street in Hemet with neighboring national retailers
EXECUTIVE SUMMARY
2-tenant retail center shadow anchored to a Walmart Neighborhood Market (NAP) shopping center in Hemet, CA.
The property sits at the major signalized intersection of Florida Ave. (33,859 vehicles per day) and S. Palm Ave. (6,043 VPD), where traffic counts exceed 39,500 VPD. Florida Avenue is the major retail artery for Hemet. Within blocks of the subject property include Vons, Citibank, Chipotle, Marshalls, Petco, Target, Lowe’s, Walgreens, Autozone, and more.
The property sits at the major signalized intersection of Florida Ave. (33,859 vehicles per day) and S. Palm Ave. (6,043 VPD), where traffic counts exceed 39,500 VPD. Florida Avenue is the major retail artery for Hemet. Within blocks of the subject property include Vons, Citibank, Chipotle, Marshalls, Petco, Target, Lowe’s, Walgreens, Autozone, and more.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,760 SF
Building Class
B
Year Built
2006
Price
$2,200,000
Price Per SF
$797
Cap Rate
5.80%
NOI
$127,651
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.38 AC
Opportunity Zone
Yes
Zoning
C1
Parking
20 Spaces (18.59 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Bus Line
- Corner Lot
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 443-250-024 | Improvements Assessment | $2,104,982 |
| Land Assessment | $276,970 | Total Assessment | $2,381,952 |
