78% Leased Center with 10-Year County Lease and Upside

For Sale

501-573 N San Jacinto St. Hemet, Hemet, CA 92543

This Hemet property for sale is located at 501-573 N San Jacinto St. Hemet. Contact the listing broker for details on the current sale price for 78% Leased Center with 10-Year County Lease and Upside. 78% Leased Center with 10-Year County Lease and Upside is situated on a lot that is 10.65 acre in size.

Contacts

broker

Doug Clark

RealINSIGHT Marketplace

Property Details

  • Property Type Retail
  • Property Size 129,958 SF
  • Lot Size 10.65 Acre
  • NOI / YR 1750043
  • Additional Rent Contact for pricing
  • Date Updated Oct 11, 2024

Significant In-Place Cash Flow From Credit Tenant - The Property is 78.44% leased to the County of Riverside’s Department of Public Social Services. This location employs approximately 600 individuals and is an anchor for the community. The County has occupied the center for 18 years and recently signed a new 7-year renewal.

Vacant Retail Lease-Up - The Property was previously a grocer-anchored center and currently features 7,199 SF of vacant inline retail space that was previously leased to multiple uses, including a popular restaurant, barber shop, laundromat, etc. The smaller 5,477 SF pad building was previously leased to a donut shop and mini-mart.

Large Retail Pad Redevelopment Opportunity - There is currently a vacant 15,337 SF pad building on the hard corner that was previously leased to multiple retailers. An investor will have the option to either re-tenant the existing building, ground lease the pad site to a national retailer, or redevelop the corner with one or multiple retail pads.

Auctioneer Emilio Lemeni 

Auctioneer Company c/o Fisher Auction Company Inc.

Auctioneer License 00961384

 

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Getting around

  • 68/100

    Walk Score ®

  • 63/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Hemet, CA
  • Zip Code 92543
  • Market Los Angeles

Points of Interest

  • 7-Eleven

    0.48 miles

  • 76

    0.71 miles

  • USA Gasoline

    0.74 miles

  • Arco

    0.76 miles

  • Super 8

    0.81 miles

  • Mobil

    1.37 miles

  • Exxon

    1.57 miles

  • Fastrip

    1.77 miles

  • ARCO

    1.78 miles

  • San Jacinto Assembly Of God Park And Ride

    2.25 miles

  • Lot C

    3.54 miles

  • Staff Parking

    3.62 miles

  • Lot B

    3.70 miles

  • Lot E

    3.75 miles

  • Lot D

    3.78 miles

  • School Parking

    3.79 miles

  • East Marina Diamond Valley Lake

    4.33 miles

  • Jack in the Box

    0.56 miles

  • McDonald's

    0.64 miles

  • Papa John's

    0.79 miles

  • El Pollo Loco

    0.84 miles

  • Wendy's

    0.89 miles

  • Quiznos

    0.92 miles

  • El Patron Mexican Grill & Entertainment

    0.93 miles

  • Del Taco

    1.69 miles

  • Angie's Diner

    1.88 miles

  • J&J's Diner

    1.93 miles

  • Walmart Supercenter

    0.93 miles

  • ALDI

    1.05 miles

  • Stater Bros.

    1.20 miles

  • Walmart Neighborhood Market

    1.37 miles

  • Stater Bros. Markets

    1.65 miles

  • JCPenney

    2.11 miles

  • Sears

    2.11 miles

  • Hemet Valley Mall

    2.16 miles

  • Burlington

    2.16 miles

  • Sprouts Farmers Market

    2.19 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Doug Clark

RealINSIGHT Marketplace