Listing ID : 849899
Listed On September 13, 2024 90
Listing Updated September 13, 2024
FREESTANDING BUILDING AT HIGH TRAFFIC HIGHWAY INTERSECTION
- Cannabis License Potentially Available – Call for details.
- ±2,702 SF Available to Occupy Immediately
- Income from Leased Drive-Thru Space – Alberto’s Mexican Restaurant is currently paying $7,200/month with 3% annual increases. Their space features an extensive build-out, including an underground grease interceptor and hood system. They recently executed a 5-year extension to February 2029 (with an option to extend to 2034), demonstrating their continued commitment to the site.
- High Traffic Location – Located at the intersection of Highway 74 & Highway 79 (Winchester Road) with visibility to ±45,900 cars per day.
- Centrally Located – ±167,200 residents live within a 15-minute drive of the property. Highways 74 and 79 make the property easily accessible to residents in Perris, Hemet, San Jacinto, Menifee, and the French Valley.
- 2018 High Quality Construction – The property features best in class construction, including a concrete parking lot, drought tolerant landscaping, monument signage, stone columns, metal tin facia, LED parking lot lighting, and more.
BizTrader – a Marketplace for All Types of Businesses For Sale
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EXCLUSIVELY LISTED BY ORION INVESTMENT REAL ESTATE - Nick Miner, CCIMProperty Details:Sale Price: $4,175,000Actual NOI: $307,824Actual CAP Rate: 7.