Listed by Marcus & Millichap - Orange County
$13,000,000
Page Plaza
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 58,359
Net Rentable (SqFt) 58,359
Units 9
Cap Rate 6.01%
NOI $781,792
Occupancy 84.6%
Tenancy Multi
Brand/Tenant Dollar Tree, Verizon Wireless
Lease Type NNN
Rent Bumps Yes
Lease Options Yes
Pro-Forma Cap Rate 7.44%
Pro-Forma NOI $966,935
Price per SqFt $223
Broker Co-Op Yes
Class A
Year Built 2009
Year Renovated 2026
Buildings 3
Stories 1
Acreage 6.610
Investment Type Value Add
Tenant Credit Franchisee, Corporate Guarantee
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner
Prime Value Add Retail Center | Walmart Supercenter Shadow Anchor
Marketing description
Page Plaza is a well-located, grocery-/value-driven power center in southwest Hemet with strong traffic counts, a national tenant lineup, and proximity to Walmart Supercenter. The center offers durable in-place cash flow, long-term lease rollover on much of the rent roll, and meaningful upside from the remaining vacant 9,000 SF suite.
Investment highlights
- Prime Retail Center Location at the Hard, Signalized Corner of Sanderson Avenue and Stetson Avenue Boasting Traffic Counts of over 56,000 Vehicles Per Day.
- Page Plaza is Shadow-Anchored by a Walmart Supercenter which Drives Consistent Shopper Traffic to the Surrounding Inline Tenants | Walmart Supercenter at Page Plaza Ranks in the Top 80th Percentile in the State of California per Placer.ai
- Built in 2009 and Professionally Positioned as a Modern Retail Center, Supporting Long-Term Tenancy and Reduced Near-Term Capital Intensity Relative to Older Centers.
- Page Plaza is Anchored by a Strong Mix of National and Service Tenants, led by Planet Fitness, Dollar Tree, Tillys, Famous Footwear, Hibbett, and Verizon, with a Strong Weighted Average Lease Term of 6.1 Years Remaining.
- Value-Add Leasing Opportunity in the 9,000 SF Vacancy Providing Meaningful Upside.
- Strong Retail Synergy within the Center – Co-tenants Include Walgreens, O’Reilly Auto Parts, Buffalo Wild Wings, Sonic Drive-In, Starbucks, Farmer Boys, Dave’s Hot Chicken, 76, and many more.
- Dense regional trade area, with Hemet’s population around 92,912 and the broader Hemet-San Jacinto area around 180,000+, supporting a substantial consumer base.
- Demographics Support Value-Oriented Retail, with Hemet Average Household Income of $73,841, Median Age of 39.8, and a Sizable Household Base in the Trade Area.
Listing Contacts
Listed by Marcus & Millichap - Orange County
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$781,792.00
$65,149.33/mo
Valuation Metrics
0
DSCR
6.01%
Cap Rate
6.01%
ROI
Map
Zoning
SP-00-1 SpecialSpecific Plan Page Plaza
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Last updated Mar 5, 2026 For deeper zoning details, reports are available at Zoneomics
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