3308 West Florida Avenue
$7,250,000
3308 West Florida Avenue, Hemet, CA 92545
1,506 sqft
Building Size
43,560 sqft
Lot Area
Details:
Highlights:
- Rare Owner-User Gas Station with Existing Car Wash
- Desirable Mobil Gas Station Investment in Riverside County The property features twelve (12) pumps with a convenience store and car wash, generating significant annual revenue
- Immediate Owner-User Potential The real estate includes a gas station with recent upgrades, car wash and convenience store open 24 hours a day featuring beer and cigarette sales
- No Existing Fuel Contract The station has no fuel contract encumbering the site allowing an investor to capitalize on rebranding or un-branding the station based on individual business strategy
- Significant In-Place Cashflow with Upside The overall Mobil operation has performed very well over recent years with consistently robust volume at the gas pump and high sales at the convenience store
Description:
Excellent Real Estate Fundamentals in a Rapidly Growing Submarket within Southern California
Outparceled to Home Depot Center - The Subject Property is situated on approximately one (1) acre of land and outparceled to a Home Depot center that is ranked in the top 94th percentile in sales nationally (Source: Placer.ai)
Strategic Commuter Location - Mobil is situated on the main thoroughfare in Hemet, servicing a combination of local residents, regional workers, and traveling tourists
Hard Signalized Corner - Mobil is located on the NW corner of W. Florida Ave. and N. Sanderson Ave., which reports high traffic counts of over 70,000 cars per day
High Growth Market - The city of Hemet is growing at a rapid rate with the population increasing nearly five percent (5%) since 2020 with several major companies and start-ups developing operations within its borders
Documents:
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Offering Memorandum
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