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    Freestanding Building at Highway Intersection Title is generated by Realmo AI

    33389 CA-74, Hemet, CA 92545

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    Freestanding building with income from leased drive-thru space.

    Type:Retail
    Property size:
    4,370 SF
    Price / SF:
    $572/SF
    Added:
    Sep 10, 2024
    Days on Market:
    635
    Last Refresh:
    May 12 at 8:56 pm

    Property Features for 33389 CA-74

    General Information

    Standard status
    Active
    Size
    4,370 SF
    Property subtype
    Retail

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    Listing Contact
    Greg Bedell
    Greg Bedell

    Listing agent Greg Bedell License #CA 01942970

    Listing office Progressive Real Estate Partners

    Listing date Sep 10, 2024

    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 Progressive Real Estate Partners

    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.
    • Occupy the remaining 2,702 SF at a reduced cost due to rental income.
    • Centrally located with ±167,200 residents within a 15‑minute drive.
    • High‑quality 2018 construction with concrete parking and LED lighting.

    Overview

    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%.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Hemet
    County
    Riverside
    State
    California
    Longitude
    -117.047
    Latitude
    33.7381

    FAQs

    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.
    (909) 900-8922 Call to check price and availability
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