1995 E Florida Ave - Fast Food FOR SALE


Hemet, CA 92544
$1,390,000 USD
909-230-4500
1995 E Florida Ave, Hemet, CA for Sale
$1,390,000 USD
Fast Food - FOR SALE
1/6
null | Request Cap Rate

1995 E Florida Ave
Hemet, CA 92544


HIGHLIGHTS

  • Prime positioning on E Florida Ave a major retail corridor that leads to the 215 FWY
  • Surrounding national tenant mix includes Walmart Neighborhood Market, Stater Bros, Harbor Freight, Grocery Outlet, Planet Fitness, and Starbucks
  • As an owner, one can benefit from the potential appreciation of the asset.

OVERVIEW

Opportunity to either lease the existing former bank which is ±3,775 SF or ground lease the parcel and replace the existing building. Prime positioning on E Florida Ave a major retail corridor that leads to the 215 FWY Located on the SWC of E. Florida Ave and Yale Street with visibility to ±26,688 / CPD Within a 3-mile radius, demographics show a daytime population of 11,745 and an overall population of 66,446 with an average household income in excess of $82,200. Surrounding national tenant mix includes Walmart Neighborhood Market, Stater Bros, Harbor Freight, Grocery Outlet, Planet Fitness, Starbucks, True Value, Taco Bell, Rent-A-Center and more Purchase financing is available to owner-users through the Small Business Administration. Down payments are as little as 10%. If purchased with 10% down ($139,000), the monthly loan payment is estimated at $8,074/month. After removing principal paydown and accounting for only the interest portion of the monthly loan payment, the cost to occupy (and own) this building is approximately $1.61/SF/month - far less than the cost of leasing. As an owner, one can benefit from the potential appreciation of the asset. SBA financing allows for buyers to lease up to 49% of their building, creating the opportunity to further reduce occupancy costs.

FOR SALE DETAILS

PRICE

$1,390,000 USD

PRICE/SF

$368 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

±3,775 SF Building For Sale Or Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

C-1, Hemet

APN/PARCEL ID

445-280-038

ASK ABOUT THIS PROPERTY

Albert LopezProgressive Real Estate PartnersMore Info
909-230-4500

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Albert LopezProgressive Real Estate PartnersMore Info
909-230-4500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.