1531 E Florida Ave | Hemet, CA 92544
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- LoopNet Team
1531 E Florida Ave
Hemet, CA 92544
Piara Pizza - Long Term Abs NNN w/ Increases · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 10-Year Abs NNN Lease w/ Structured Rent Increases
- Corporate Guarantee from Piara Pizza (50+ locations)
- 173,000 Residents within 5-Miles of Subject Property w/ 4% Expected Population Growth over the Next 5-Years
- 6.26% Average Cap Rate (Initial Term) - Multiple Rent Increases in Primary Term (2023, 2024, & 2026)
- Traffic Counts Exceed 30,000 Vehicles Per Day
- Excellent 1031 Exchange Opportunity in Core So-Cal Market
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,200 SF
Building Class
C
Year Built/Renovated
1988/2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.64 AC
Zoning
C
AMENITIES
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 445-270-006 | Improvements Assessment | $1,150,000 |
| Land Assessment | $335,000 | Total Assessment | $1,485,000 |
PROPERTY TAXES
Parcel Number
445-270-006
Land Assessment
$335,000
Improvements Assessment
$1,150,000
Total Assessment
$1,485,000
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