NNN Retail Investment 1772 W Florida Ave 7,920 SF Retail Building Hemet, CA 92545 $2,262,473 CAD ($285.67 CAD/SF)
INVESTMENT HIGHLIGHTS
- 100% Leased Investment
- Leased to Monro, Inc. (NASDAQ: MNRO)
- 10 Year Term With Three 5 Year Options
- Ideal 1031 Exchange Opportunity
EXECUTIVE SUMMARY
• Corporate Guaranteed Lease by Monro, Inc. (NASDAQ: MNRO) – 1,300+ Locations Nationwide
• NNN Lease Structure – No Landlord Responsibilities
• 7,920 SF Freestanding Auto/Retail Building
• 10-Year Initial Lease Term – Expires December 31, 2030
• Current Rent: $7,127.15/Month ($1.08 PSF) – Reliable In-Place Cash Flow
• Strong Retail Corridor Location on W. Florida Ave (Hwy 74) – 31,641 CPD
• High Visibility Corner Location with Dedicated Monument Signage
• Dense Surrounding Demographics: 173,000+ Population within 5 Miles
• Ideal 1031 Exchange Opportunity – Passive, Income-Producing Investment
• Tenant Operates as Allen Tire Co. – A Monro Brand
• Built-In 5% Rent Increase In 2026, Followed By 10% Increases Every 5 Years Through 2045.
• NNN Lease Structure – No Landlord Responsibilities
• 7,920 SF Freestanding Auto/Retail Building
• 10-Year Initial Lease Term – Expires December 31, 2030
• Current Rent: $7,127.15/Month ($1.08 PSF) – Reliable In-Place Cash Flow
• Strong Retail Corridor Location on W. Florida Ave (Hwy 74) – 31,641 CPD
• High Visibility Corner Location with Dedicated Monument Signage
• Dense Surrounding Demographics: 173,000+ Population within 5 Miles
• Ideal 1031 Exchange Opportunity – Passive, Income-Producing Investment
• Tenant Operates as Allen Tire Co. – A Monro Brand
• Built-In 5% Rent Increase In 2026, Followed By 10% Increases Every 5 Years Through 2045.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,920 SF
Building Class
C
Year Built
1972
Price
$2,262,473 CAD
Price Per SF
$285.67 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.57 AC
Opportunity Zone
Yes
Zoning
C2, Hemet - Commercial
Parking
23 Spaces (2.9 Spaces per 1,000 SF Leased)
Frontage
95’ on W W Florida Ave Ave
AMENITIES
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 448-440-012 | Improvements Assessment | $922,196 CAD |
| Land Assessment | $606,631 CAD | Total Assessment | $1,528,827 CAD |
