1772 W Florida Ave - Auto Repair FOR SALE


Hemet, CA 92545- Outer San Jacinto
$1,633,000 USD
951-660-0922
1772 W Florida Ave, Hemet, CA for Sale
$1,633,000 USD
Auto Repair - FOR SALE
1/3
null | Request Cap Rate

1772 W Florida Ave
Hemet, CA 92545
Outer San Jacinto


HIGHLIGHTS

  • 100% Leased Investment
  • 10 Year Term With Three 5 Year Options
  • Leased to Monro, Inc. (NASDAQ: MNRO)
  • Ideal 1031 Exchange Opportunity

OVERVIEW

• Corporate Guaranteed Lease by Monro, Inc. (NASDAQ: MNRO) – 1,300+ Locations Nationwide • NNN Lease Structure – No Landlord Responsibilities • 7,920 SF Freestanding Auto/Retail Building • 10-Year Initial Lease Term – Expires December 31, 2030 • Current Rent: $7,127.15/Month ($1.08 PSF) – Reliable In-Place Cash Flow • Strong Retail Corridor Location on W. Florida Ave (Hwy 74) – 31,641 CPD • High Visibility Corner Location with Dedicated Monument Signage • Dense Surrounding Demographics: 173,000+ Population within 5 Miles • Ideal 1031 Exchange Opportunity – Passive, Income-Producing Investment • Tenant Operates as Allen Tire Co. – A Monro Brand • Built-In 5% Rent Increase In 2026, Followed By 10% Increases Every 5 Years Through 2045.

FOR SALE DETAILS

PRICE

$1,633,000 USD

PRICE/SF

$206 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Retail Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

C2, Hemet

APN/PARCEL ID

448-440-012

ASK ABOUT THIS PROPERTY

David MudgeLee & AssociatesMore Info
951-660-0922

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

David MudgeLee & AssociatesMore Info
951-660-0922

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