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Petco 2545 W Florida Ave

13,500 SF Retail Building Hemet, CA 92545 £2,364,425 (£175/SF) 6.94% Net Initial Yield

Investment Highlights

  • National Credit Tenant (NYSE: WOOF - S&P: B) | 1,500+ Locations Worldwide
  • 1 (5-Year) Option Remaining with a 10.00% Rental Increase
  • Located 75 Miles Southeast of Downtown Los Angeles | Diverse & Dynamic Economic Center | Strong Growing Demographics in the Immediate Trade Area
  • Below-Market Rent | Long Operating History, 10-Year Initial Term Commenced in 2005 | Tenant has Extended its Lease Twice | NN Lease
  • Dominant Retail Location along Hwy 74/W Florida Ave (43,677 VPD) | Adjacent to 270K SF Hemet Valley Mall | Excellent Visibility & Access
  • 171,906 People with an Average Household Income of $74,186 within 5 Miles

Executive Summary

Newmark, as an exclusive advisor, is pleased to present the opportunity to acquire a single-tenant, net leased Petco in Hemet, CA.
NN Lease Structure
0.9 Years Lease Term Remaining
Fee Simple Ownership Interest

Attachments

Marketing Brochure/Flyer

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,500 SF
Building Class
C
Year Built
2005
Price
£2,364,425
Price Per SF
£175
Net Initial Yield
6.94%
NOI
£164,091
Tenancy
Single
Number of Floors
1
Loading Docks
1 Exterior
Building FAR
0.52
Lot Size
0.60 AC
Zoning
CM
Parking
106 Spaces (7.85 Spaces per 1,000 SF Leased)
Frontage
123 ft on W Florida Ave
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2545 W Florida Ave, Hemet, CA - aerial map view - Image1
2545 W Florida Ave, Hemet, CA - aerial map view - Image2
Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Smart & Final
Applebee's
Denny's
Bank of America
Starbucks
Ono Hawaiian BBQ
Citi
The Habit Burger Grill
Chili's Grill & Bar
Red Robin Gourmet Burgers And Brews

PROPERTY TAXES

Parcel Number 448-320-033 Improvements Assessment £1,964,299
Land Assessment £302,867 Total Assessment £2,267,166

PROPERTY TAXES

Parcel Number
448-320-033
Land Assessment
£302,867
Improvements Assessment
£1,964,299
Total Assessment
£2,267,166
(949) 244-6644

Contacts

  • Listing ID: 34413213

  • Date on Market: 08/01/2025

  • Last Updated:

  • Address: 2545 W Florida Ave, Hemet, CA 92545

The Retail Property at 2545 W Florida Ave, Hemet, CA 92545 is currently available for sale. Contact Newmark for more information.

Nearby Listings

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2545 W Florida Ave, Hemet, CA for sale Building Photo- Image 1 of 8
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© 2025 CoStar Group

Petco | 2545 W Florida Ave
(949) 244-6644 x

Petco | 2545 W Florida Ave

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Matt Berres

(949) 244-6644

(949) 244-6644

Samer Khalil

(949) 608-2042

(949) 608-2042

Karick Brown

(949) 608-2175

(949) 608-2175

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