Freestanding Building at Highway
For Sale
Contact for pricing
33389 CA-74, Hemet, CA 92545
Freestanding building with income from leased drive-thru space.
Property Size4,370 SF
Price / SF$572.08
Days on Market726
Property Features for 33389 CA-74
General Information
Standard status
Active
Size
4,370 SF
Property subtype
Retail
Lease Type
NNN
Investment Type
Owner/User
Building Details
Buildings
1
Units
3
Tenancy
Multi
Listing Agency:
Progressive Real Estate Partners
Listed By:
Greg Bedell · License #CA 01942970
(909) 230-4500
Source:
Crexi
Added: Sep 10, 2024
Changed: Aug 22
Last Checked: Sep 2 at 3:02PM
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 Progressive Real Estate Partners
Investment Insights
Based on property information with market context.
This freestanding building is located at the intersection of Highway 74 and Highway 79 (Winchester Road), benefiting from high visibility with approximately 45,900 cars per day. Constructed in 2018, the property features high-quality construction, including a concrete parking lot, drought-tolerant landscaping, monument signage, stone columns, metal tin facia, and LED parking lot lighting. The property is centrally located with approximately 167,200 residents living within a 15-minute drive. Highways 74 and 79 provide easy access to residents in Perris, Hemet, San Jacinto, Menifee, and the French Valley. The property includes approximately 2,702 square feet available for immediate occupancy and is suitable for a dentist, medical professional, retailer, restaurant, and more. The property also benefits from income generated by a leased drive-thru space occupied by Alberto’s Mexican Restaurant, which is currently paying $7,200 per month with 3% annual increases. Alberto's space features an extensive build-out, including an underground grease interceptor and hood system, and they recently executed a 5-year extension to February 2029, with an option to extend to 2034, demonstrating their continued commitment to the site. The property size is 4,370 square feet. Purchase financing is available to owner-users through the Small Business Administration with down payments as low as 10%.
Key Highlights
- Income‑producing property with long‑term tenant, Alberto's Mexican Restaurant, paying $7,200/month with annual increases.
- Own a freestanding building with SBA financing options.
- High‑traffic location at Highway 74 & Highway 79, offering visibility to ±45,900 cars per day.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92545, CA
44,072
Population
17,533
Households
2.5
Avg Household Size
45
Median Age
17%
College-Educated
84%
High-School Grad
29.7 sq mi
ZIP Area
1,484
Density / Sq Mi
$59,575
Median Household Income
$41,732
Median Earnings
$1,778
Median Rent
$334,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding building with income from leased drive-thru space.
Where is this storefront property located?
The property is located at 33389 CA-74 Hemet, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Income‑producing property with long‑term tenant, Alberto's Mexican Restaurant, paying $7,200/month with annual increases.; Own a freestanding building with SBA financing options.; High‑traffic location at Highway 74 & Highway 79, offering visibility to ±45,900 cars per day.
