Former Rite Aid | Signalized Hard Corner

Highlights:

• Strong Fundamental Site Features: Signalized Hard Corner Location at the Intersection of Florida Ave. and South Meridian Ave, seeing over 29,000 Cars Per Day. Generous Parking Ratio of 5.04:1000 SF with a Total of 87 Parking Stalls.
• Located in Dense Retail Hub with Strong Retail Synergy: Nearby Major Anchors in 1-Mile Radius Include Anchor Tenants Such as Target, Home Depot, Lowes, Winco, JCPenney, Hobby Lobby, Smart & Final, Grocery Outlet, Sprouts, Stater Bros, Ross, Joann, Marshalls, Regal, ULTA and Harbor Freight Tools to Name a Few.
• City of Hemet – Dense Working-Class Demographics: The City of Hemet is Located in The San Jacinto Valley (Riverside County) and is Adjacent to the Highly Visited San Jacinto Forests. Households in Hemet are Made Up Approximately 18.1% Seniors Over the Age of 65 and Over 29.2% Under the Age of 20 With Retail Expenditure Prioritizing Housing, Transportation, Food and Personal Insurance/Pensions. The Location is Supported By Strong Demographics Comprised of 159,469 People Within a 5-Mile Radius, With an Average Household Income of Approximately $76,369.

Description:

Ri Marketplace Online Auction May 4th-6th, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/3060/retail/hemet/ca?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_3060

42021 East Florida Avenue offers a prime infill value-add opportunity through repositioning or redevelopment of a former Rite Aid building. This property, totaling approximately 17,340 square feet, sits on 1.55 acres (67,518 square feet) of land. The building is available for auction at a price well below replacement cost with further details available upon contacting the agents.

Constructed in 2008, the well-positioned former Rite Aid building features excellent visibility with signage opportunities on both sides, as well as anexisting monument sign on East Florida Avenue. The store’s interior is expansive to accommodate a variety of uses, with ceiling heights ranging from 14 to 19 feet, and it includes a functional drive-thru and designated ground-level loading area at the back.

The property boasts strong site features, including a signalized hard corner location at the busy intersection of Florida Avenue and South Meridian Street, which experiences over 29,000 cars per day. Ingress and egress are efficiently positioned before the intersection with two-way curb cuts. The parking ratio is generous at 5.04 spaces per 1,000 square feet, totaling 87 parking stalls, and the site includes fortified and secured trash enclosures.

Situated in Hemet’s premier retail hub, the property benefits from strong retail synergy, with over 2.2 million square feet of national and regional tenants within a two-mile radius serving Hemet and San Jacinto. Major anchors in the vicinity include Target, Home Depot, Lowe’s, Winco, JCPenney, Hobby Lobby, Smart & Final, Grocery Outlet, Sprouts, Stater Bros, Ross, Joann, Marshalls, Regal, ULTA, and Harbor Freight Tools, among others.

The city of Hemet, located in the San Jacinto Valley (Riverside County) and adjacent to the popular San Jacinto forests, has a dense working-class demographic. Approximately 18.5% of households are seniors over the age of 65, and over 27.6% are under the age of 20, with retail expenditures prioritizing housing, transportation, food, and personal insurance/pensions. The location is supported by strong demographics, comprising 159,129people within a five-mile radius and an average household income of approximately $79,267.


Emilio Lemeni
c/o Fisher Auction Company Inc.
License: 00961384
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: