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JUST REDUCED! Diamond Valley Shopping Center

$1,849,000

209 E Stetson Avenue, Hemet, CA 92543

Active
Last Updated: 11/03/2022

6.47

Cap Rate

114,476

NOI

Details:
Cap Rate:    6.47%
NOI:    $114,476
Building Size:    12,100 sqft
Lot Area:    1.82 acres
Occupancy:    88%
Units:    8
Year Built:    1979
Floors:    1
Highlights:
  • 8 Units
  • Additional Pad Possible
  • Ample Parking
  • 88% Leased
  • Long-Term Tenants
Description:

KW Commercial is proud to present The Diamond Valley Shopping Center. This retail strip center is approximately +/-10,243 square feet, situated on an approximately +/- 1.82 acre lot. There are a total of eight fully leased units, with long term tenants. The property was built in 1979 with block / wood construction. This investment has a up side potential as the seller indicates an additional pad for single tenant retail location could be added and existing rents can be increased in the near future.

This retail center is located in the path of development in Hemet and both State Street and Stetson Avenue are major thoroughfares with ample traffic counts. According to CoStar, average daily traffic counts are over 29,500 daily. Major retailers located within a block of the retail center include Starbucks, Stater Brothers, Dollar General, Wells Fargo, Pizza Hut and Carls Jr..

The Diamond Valley Shopping Center is located on the corner of E Stetson and State Street in Hemet, CA.

Map:
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