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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:
590
Last Refresh:
Mar 17 at 1:26 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

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


Overview

Freestanding Building at Highway Intersection

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.
More about this property
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