Petco NNN Lease Extension

2545 W Florida Ave, Hemet, CA 92545

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For Sale

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Petco operated here since 2005 with new 12-year extension.

Type:Retail

Property size:

13,500 SF

Price / SF:

$258/SF

HighLights

New 12‑year NNN lease extension to 2037 with options, demonstrating long‑term tenant commitment.
Corporate tenancy with Petco Health and Wellness Company, Inc. (Nasdaq: WOOF), a leading national retailer.
High‑traffic location on W Florida Ave (±41,800 CPD), Hemet's dominant retail street.
Strong operating history: Petco has been at this location since 2005.
Located in a dominant retail hub with Home Depot, Target, Lowe’s and many other national retailers.
Complimentary co‑tenancy including Smart & Final Extra! and Applebee’s.

We can help!

Contact an agent

David Swerdlow

For Sale

Contact for pricing

Petco operated here since 2005 with new 12-year extension.

Type:Retail

Property size:

13,500 SF

Price / SF:

$258/SF

Added:: Feb 4, 2026
Days on Market:: 146
Last Refresh:: Mar 17 at 1:14 pm

Property Features for 2545 W Florida Ave

General Information

Standard status: Active
Size: 13,500 SF
Property subtype: Retail

Building Details

Year Built: 2005

We can help!

Contact an agent

David Swerdlow

Listing office CBRE - Orange County

Listing date Feb 4, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Orange County

HighLights

New 12‑year NNN lease extension to 2037 with options, demonstrating long‑term tenant commitment.
Corporate tenancy with Petco Health and Wellness Company, Inc. (Nasdaq: WOOF), a leading national retailer.
High‑traffic location on W Florida Ave (±41,800 CPD), Hemet's dominant retail street.
Strong operating history: Petco has been at this location since 2005.
Located in a dominant retail hub with Home Depot, Target, Lowe’s and many other national retailers.
Complimentary co‑tenancy including Smart & Final Extra! and Applebee’s.

Overview

The property is occupied by Petco Health and Wellness Company, Inc., a leading pet specialty retailer with approximately 1,500 locations throughout the United States, Puerto Rico, and Mexico. Petco has operated at this location since 2005. Petco recently executed a new 12-year NNN lease extension expiring in October 2037, with three additional 5-year renewal options. The property is situated along W Florida Ave, which sees approximately 41,800 cars per day. The location benefits from a mix of co-tenants, including Smart & Final Extra!, Applebee’s, and Edward Jones. 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, and El Pollo Loco.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$291.6k	$21.60
− Vacancy	−$15.2k	−$1.12
EGI	$276.4k	$20.48
− OpEx	−$82.9k	−$6.14
NOI	$193.5k	$14.33

13,500 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.76M

$2.42M – $3.23M (±1% cap)

NOI $193,506 @ 7.0% cap · market cap 5.54%

Second Best

—

no second resolved use

Theoretical Best

Office A

$4.04M

$3.54M – $4.72M (±1% cap)

NOI $283,106 @ 7.0% cap · market cap 8.10%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Petco Vaccination Clinic Veterinary Clinic Just Food For Dogs (Bike/Boat/Book/etc) Store Petco Dog Training Animal Training fi.d.o (Bike/Boat/Book/etc) Store Petco (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Hemet
County: Riverside
State: California
Longitude: -116.9990779
Latitude: 33.7469018

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For sale
Retail space
CA
Hemet
92545
2545 W Florida Ave

What type of property is this?

Retail space - Petco operated here since 2005 with new 12-year extension.

Where is this retail space located?

The property is located at 2545 W Florida Ave Hemet, CA.

What is the asking price?

The asking price for this property is $3,495,000.

What are key features of this property?

This property features: New 12‑year NNN lease extension to 2037 with options, demonstrating long‑term tenant commitment.; Corporate tenancy with Petco Health and Wellness Company, Inc. (Nasdaq: WOOF), a leading national retailer.; High‑traffic location on W Florida Ave (±41,800 CPD), Hemet's dominant retail street.