2525 W Florida Ave, Hemet, CA 92545
The Boeve Blatt Team of Marcus & Millichap is honored to release a rare and unique single-tenant grocery store offering. The tenant, Smart and Final are a Southern California based Grocery Chain known for its extreme brand loyalty fortified by its nearly one-hundred years of operation history. The lease is desirable, passive, and supported with scheduled rental increases. The tenant has operated in the region for over 30 years, the submarket has little to zero comparable vacancy. The price point coupled with the rent per square foot and price per square foot securely places the offering in a sweet spot of an expansive regional, national, and international buyer pool. The offering is in the dynamic and growing region known as the Inland Empire. The metro contains a population approaching 4.6 million and over the last decade continues to be described as one of the fasted growing metros in the country. The Inland Empire continues to be praised for an outlook of continued growth backed by a solid metrics of defense against economic corrections. Being close to major employment centers in Los Angeles, Orange, San Diego, diverse job market, major universities adding to the employment base, and easy access to major three deep-water ports, four airports, significant rail systems, and extensive freeway buildout - are all attributes that economist and followers of the region point to as critical fundamentals.
The Boeve Blatt Team of Marcus & Millichap is honored to release a rare and unique single-tenant grocery store offering. The tenant, Smart and Final are a Southern California based Grocery Chain known for its extreme brand loyalty fortified by its nearly one-hundred years of operation history. The lease is desirable, passive, and supported with scheduled rental increases. The tenant has operated in the region for over 30 years, the submarket has little to zero comparable vacancy. The price point coupled with the rent per square foot and price per square foot securely places the offering in a sweet spot of an expansive regional, national, and international buyer pool. The offering is in the dynamic and growing region known as the Inland Empire. The metro contains a population approaching 4.6 million and over the last decade continues to be described as one of the fasted growing metros in the country. The Inland Empire continues to be praised for an outlook of continued growth backed by a solid metrics of defense against economic corrections. Being close to major employment centers in Los Angeles, Orange, San Diego, diverse job market, major universities adding to the employment base, and easy access to major three deep-water ports, four airports, significant rail systems, and extensive freeway buildout - are all attributes that economist and followers of the region point to as critical fundamentals.
