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1745 W Florida Avenue - Hemet Retail Center, Hemet, CA

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1745 W Florida Avenue - Hemet Retail Center

Hemet, CA 92545-3717 - South Riverside Submarket

Property Type:Retail Sub Type:Bank Status:Existing Year Built:-
Building Size:6,366 SF Land Area:.33 AC (14,375 SF)
For Sale Price:$3,750,000 Price/SF:$589.07
Cap Rate:5.33 %

Sale Notes:
Equity Investment Advisors is pleased to offer for sale a 10-year absolute NNN leased investment with 1.5% annual rental increases. The property is leased to Citibank N.A., a wholly owned subsidiary of Citigroup (NYSE: C), the fourth largest bank holding company in the United States.

The property is located along the major east-west thoroughfare of Florida Avenue and is passed by roughly 30,000 vehicles per day. Situated amid the local area's major retail corridor, the property is located within a neighborhood retail center just east of Hemet Valley Mall, a regional mall that features jcpenny, Sears, and other national retailers.

This site benefits from both abundant retail in close proximity, and from a dense population of approximately 95,000 residents within a 3-mile radius. The bank performance at this location is excellent having market share of over 40% within a 1-mile radius and branch deposits of approximately $116 million. These numbers are a testament to the long-term success of this branch.

Equity Investment Advisors
Rich Lydon
(310) 584-4540

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