1531 E Florida Ave
Hemet, CA 92544

Piara Pizza Drive Thru

Offering Summary
Price $1,560,000 Cap Rate 5.00%
NOI $78,000.00 Rentable SF 3,200 SF
Lot Size 27,878 +/- SF Year Built 1988/2021
Lease Type Absolute NNN Lease Term 9 Years

Investment Highlights

  • New 10-Year Abs NNN Lease w/ Structured Rent Increases
  • Multiple Rent Increases in Primary Term (2023, 2024, & 2026)
  • Corporate Guarantee from Piara Pizza (50+ locations)
  • Very Strong Infill Location in Dense Retail Corridor
  • Traffic Counts Exceed 30,000 Vehicles Per Day
  • 173,000 Residents within 5-Miles of Subject Property w/ 4%
    Expected Population Growth over the Next 5-Years

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For More Information, Please Contact:

John R Wertz
Managing Principal
(619) 218-6427
jwertz@wertzrealestate.com