1772 W Florida Ave - Auto Repair FOR SALE


Hemet, CA 92545- Outer San Jacinto
$1,496,700 USD
407-557-3859
1772 W Florida Ave, Hemet, CA for Sale
$1,496,700 USD
Auto Repair - FOR SALE
1/4
null | 6% Cap Rate

1772 W Florida Ave
Hemet, CA 92545
Outer San Jacinto


HIGHLIGHTS

  • Single-Tenant Net Lease Tire Shop Portfolio (Located in the Riverside-San Bernardino-Ontario MSA)
  • High Barrier of Entry for Auto Repair Businesses (Grandfathered in Locations)
  • Below Market Rental Rates ($20/sf Market Rental Rate per CoStar, Rent is Currently at $11.34/sf)
  • Low Price per Foot Basis (Priced Under $200/Ft)
  • Monro Acquired the Former Operator in Dec. 2020 (Publicly Traded Tenant | NASDAQ: MNRO, Formerly Allen Tire Company)
  • Historical Occupancy | Market Dominance (Locations have been in business for 40+ Years)

OVERVIEW

• Single-Tenant Net Lease Tire Shop Portfolio - Located in the Riverside-San Bernardino-Ontario MSA • High Barrier of Entry for Auto Repair Businesses - Grandfathered in Locations • Below Market Rental Rates - $20/sf Market Rental Rate per CoStar - Rent is Currently at $11.34/sf • Low Price per Foot Basis - Priced Under $200/Ft • Monro Acquired the Former Operator in Dec. 2020 - Publicly Traded Tenant | NASDAQ: MNRO - Formerly Allen Tire Company • Historical Occupancy | Market Dominance - Locations have been in business for 40+ Years • Surrounded by National Tenants - Target, Walmart, Best Buy, & More • Steady Population Growth - 176,000 People Within a Five-Mile Radius • 100 Feet of Frontage on W Florida Ave. - 30,000+ Vehicles per day

FOR SALE DETAILS

PRICE

$1,496,700 USD

PRICE/SF

$189 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Monro Tire, Inc. (NASDAQ: MNRO) - Hemet, CA |

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

Giovanni FigueiredoMarcus & MillichapMore Info
407-557-3859

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

Giovanni FigueiredoMarcus & MillichapMore Info
407-557-3859

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