www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
19982250
19982251

33389 CA-74, Hemet, CA 92545

GB
CA CA 01942970
Progressive Real Estate Partners
AL
CA 01409003
Progressive Real Estate Partners
Listed by Progressive Real Estate Partners
$2,500,000
637 days on market
Updated 67 days ago
Opportunity zone

±4,370 SF Freestanding Building with $7,200 Monthly Income

Details
Property Type Retail
Sub Type QSR/Fast Food, Storefront
Square Footage 4,370
Units 3
Tenancy Multi
Lease Type NNN
Broker Co-Op Yes
Buildings 1
Acreage 0.580
Investment Type Owner/User

Ideal for Dentist, Medical Professional, Retailer, Restaurant, & More

Marketing description

FREESTANDING BUILDING AT HIGH TRAFFIC HIGHWAY INTERSECTION

  • ±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.

  • Ideal for Dentist, Medical Professional, Retailer, Restaurant, & More

  • Cannabis License Potentially Available – Call for details.

RARE OPPORTUNITY TO OWN RATHER THAN LEASE

  • Purchase financing is available to owner-users through the Small Business Administration. Down payments as low as 10%.

  • If purchased with 10% down ($250,000), the monthly loan payment is estimated at $14,700/month. Accounting for $7,200 of monthly gross rent from Alberto’s, the effective cost to occupy the remaining 2,702 SF is $7,500. The monthly principal paydown is an additional $3,400/month benefiting an owner, bringing the total effective cost to occupy the remaining 2,702 SF to just $4,100/month, or $1.52/SF – far less than leasing!

  • 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.

Listing Contacts

GB
CA CA 01942970
Progressive Real Estate Partners
AL
CA 01409003
Progressive Real Estate Partners
Listed by Progressive Real Estate Partners

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Greg Bedell
License
CA 01942970
Brokerage Phone
9092304500
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591