2545 W Florida Ave - Freestanding FOR SALE


Hemet, CA 92545- Outer San Jacinto
$3,495,000 USD
949-769-4855
2545 W Florida Ave, Hemet, CA for Sale
$3,495,000 USD
Freestanding - FOR SALE
1/6
null | 5.7% Cap Rate

2545 W Florida Ave
Hemet, CA 92545
Outer San Jacinto


HIGHLIGHTS

  • Dominant Pet Retailer, Corporate Tenancy – Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) is a leading pet specialty retailer
  • Brand New 12 Year Lease Extension – Petco recently executed a brand new 12-year NNN lease extension (expiring October 2037)
  • Strong Operating History – Petco has operated at the property since 2005
  • Complimentary Co-Tenancy & Grocer Shadow Anchor – Petco benefits from a synergistic and high-quality mix of co-tenants
  • Dominant Retail Hub Location – Situated directly along W Florida Ave (±41,800 CPD), Hemet’s most dominant retail street

OVERVIEW

* Dominant Pet Retailer, Corporate Tenancy – Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) is a leading pet specialty retailer, operating ±1,500 locations throughout the United States, Puerto Rico, and Mexico. Petco has a market cap of ±$903 million and annual revenue of ±$6 billion * Brand New 12 Year Lease Extension – Petco recently executed a brand new 12-year NNN lease extension (expiring October 2037), with three additional 5-year renewal options, demonstrating the tenant’s strength and commitment to this location * Strong Operating History – Petco has operated at the property since 2005 (over 20 years!), reflecting a proven track record of stability, customer demand, and successful operations at this location * Complimentary Co-Tenancy & Grocer Shadow Anchor – Petco benefits from a synergistic and high-quality mix of co-tenants, including Smart & Final Extra!, Applebee’s, Edward Jones, and more, producing a consistent daytime and evening draw to the center * Dominant Retail Hub Location – Situated directly along W Florida Ave (±41,800 CPD), Hemet’s most dominant retail street, and hub in the immediate trade area, proving the viability of Petco as a retail property and location. In addition to the co-tenants within the shopping center, adjacent retailers include The Home Depot, Target, Lowe’s, Ross Dress for Less, Stater Bros., In-N-Out Burger, Sprouts, Grocery Outlet, Raising Cane’s, McDonald’s, Vallarta Supermarkets, El Pollo Loco, and many other national and regional retailers – this is THE location for retail!

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$259 USD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Petco

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

346

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

C-2

APN/PARCEL ID

448-320-031,448-320-033

ASK ABOUT THIS PROPERTY

949-769-4855

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

949-769-4855

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