1251 Sanderson Ave Hemet, CA 92545

This exceptional investment opportunity presents a 3,000 square foot, single-tenant, absolute NNN ground lease property occupied by Dave's Hot Chicken. Located at 1251 S Sanderson Ave, Hemet, CA 92545, this 2023-built building sits on a 47,605 square foot lot and boasts a 20-year lease commencing March 6, 2023, and expiring February 28, 2043, with three five-year renewal options. The lease includes a 10% rent increase every five years, ensuring consistent income growth. The property benefits from a prime location in a high-traffic retail corridor exceeding 20,000 vehicles daily, offering excellent visibility and accessibility. It's situated as an outparcel to a Walmart-anchored Page Plaza shopping center, providing a strong national tenant presence and drawing from a robust demographic base within a 5-mile radius. The property's Net Operating Income (NOI) is $82,500, resulting in a 4.75% cap rate and a price per square foot of $578.95. The land value is $36.48 per square foot. This rapidly growing area features significant industrial, retail, and housing developments, promising continued appreciation. The property's APN is 460-250-016. This is a rare opportunity to acquire a long-term, stable, high-return investment in a thriving market.