±3,775 SF Building For Sale Or Lease 1995 E Florida Ave 3,775 SF Retail Building Hemet, CA 92544 $1,390,000 ($368.21/SF)

Opportunity to either lease the existing former bank which is ±3,775 SF or ground lease the parcel and replace the existing building.
Located on the SWC of E. Florida Ave and Yale Street with visibility to ±27,720 / CPD
Within a 3-mile radius, demographics show a daytime population of 20,006 and an overall population of 114,754 with an average household income in excess of $79,576.
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%.
As an owner, one can benefit from the potential appreciation of the asset.
After removing principal paydown and accounting for only the interest portion of the monthly loan payment, the cost to occupy (and own) this building can be - far less than the cost of leasing.
SBA financing allows for buyers to lease up to 49% of their building, creating the opportunity to further reduce occupancy costs.