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1772 W Florida Ave
Hemet, CA 92545
Monro Tire, Inc. (NASDAQ: MNRO) - Hemet, CA | · Retail Property For Sale
Investment Highlights
- Single-Tenant Net Lease Tire Shop Portfolio (Located in the Riverside-San Bernardino-Ontario MSA)
- Below Market Rental Rates ($20/sf Market Rental Rate per CoStar, Rent is Currently at $11.34/sf)
- Monro Acquired the Former Operator in Dec. 2020 (Publicly Traded Tenant | NASDAQ: MNRO, Formerly Allen Tire Company)
- High Barrier of Entry for Auto Repair Businesses (Grandfathered in Locations)
- Low Price per Foot Basis (Priced Under $200/Ft)
- Historical Occupancy | Market Dominance (Locations have been in business for 40+ Years)
Property Facts
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,920 SF
Building Class
C
Year Built
1972
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.57 AC
Zoning
C2, Hemet - Commercial
Parking
23 Spaces (2.9 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 448-440-012 | Improvements Assessment | $693,591 |
| Land Assessment | $456,252 | Total Assessment | $1,149,843 |
Property Taxes
Parcel Number
448-440-012
Land Assessment
$456,252
Improvements Assessment
$693,591
Total Assessment
$1,149,843
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