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Published on: Saturday, November 2, 2024

Updated on: Saturday, November 2, 2024

About the Lister

Name: Chris Maling

Company: Avison Young

Office Phone: +1 213.618.3824

Cell Phone: +1 213.364.7222

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Stunning Harbor Freight Tools

1735 W Florida Ave Hemet California , 92545

Avison Young
Listing ID: CL-California-12676 Other/Retail

Purchase Option

Asking Price: $2,243,000.00

Acquisition Option: Traditional Purchase

Cap Rate (%): 6.75

Net Operating Income: $151,400.00

Quick Glance

Listing ID: CL-California-12676

Status: Accepting Offers

Financing: Third Party Financing

Occupancy: N/A

Year Build: 1970

Building Size: 20,571.00 SqFt

Lot Size: 20,571.00 SqFt.

No of Stories: 1

No of Parking: N/A

Offer to Millionaire Club: No

Business Available for Sale: No

Is Net Lease Investment: Yes

Property On Ground Lease: No

Building Status: Existing

Listing Summary

Storefront, Supply Store. Avison Young is pleased to present the sale of the Harbor Freight Tools located at 1735 West Florida Avenue in Hemet, California.

Complete Details

Year Build: 1970

Building Size: 20,571 SqFt.

No of Stories: 1

Total Lot Area: 20571 SqFt.

No of Parking: N/A

No of Total Units: 1

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: B

Property on Ground Lease?: No

Net Lease Investment?: Yes

Business Price Included?: No

Roofing: Not Specified

Occupancy: 0%

Full Description

Avison Young is pleased to present the sale of the Harbor Freight Tools located at 1735 West Florida Avenue in Hemet, California. This ±20,571 SF property is located at in a busy retail center in a large commercial corridor of Hemet. Located off of main thoroughfare West Florida Avenue (±30,520 VPD), the asset gets great street visibility and their is ample parking for customers at the center. Harbor Freight has 11 years remaining on the base term of the lease, and they have four (4), five (5) year options. This is an excellent opportunity to invest in a stable asset in the coveted California retail market.

Additional Properties

Property Tenants

±20,571 SF property leased by National Tenant, Harbor Freight Tools

Property Highlights

11 years remaining on lease term, and four (4), five (5) year options
Recent parking lot resurfacing
Situated off heavily trafficked West Florida Ave (Highway 79)
Numerous nearby synergistic national retailers including Red Robin, Chili’s, Sprouts Farmers Market, PetSmart, Ulta Beauty, and more

Additional Links

Contacts

No Additional Contacts.

Listing Location

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