Investment Offering
San Jacinto, CA - Shops at Mount San Jacinto
18551 and 1891 S. San Jacinto Avenue | San Jacinto, CA 92583
$4,631,000
Price5.75%
Cap Rate$266,306
NOI6,809
± SF Offering GLADescription
SRS National Net Lease Group is pleased to offer the rare opportunity to acquire the fee simple interest in the Shops at Mount San Jacinto, a 100% occupied investment property comprised of two freestanding pads and a dual machine ATM located in San Jacinto, CA. Shops at Mount San Jacinto features a strong national and local tenant lineup of T-Mobile, Fred Loya Insurance, Bank of Hemet, Golden Chopstix, and Bank of America (ATM). All tenants are on NNN leases, reimbursing for taxes, insurance, and common area maintenance, limiting expense leakage for a new investor.
Location
Shops at Mount San Jacinto is strategically located along S. San Jacinto Blvd. (17,900 VPD), the major north/south commuter and retail thoroughfare traveling through the city of San Jacinto. The properties are ideally positioned as outparcels to a Walmart Supercenter, promoting crossover traffic to the site. Other nearby national/credit tenants include Regal Cinemas, ALDI, Grocery Outlet, Cardenas, Rite Aid, Walgreens, Planet Fitness, Family Dollar, Dollar General, and more, further increasing consumer draw to the subject trade area.
The property greatly benefits from its positioning along San Jacinto Avenue which is undergoing a major retail revitilization with nearly 1 million square feet of retail/commercial property either planned or proposed. An example is the new Commonwealth Crossings development (9.51 acres), a commercial center consisting of five retail and office buildings, located directly next to the site. Moreover, the asset is just 3 miles southwest of the new 485,000 SF Soboba Casino Resort which has become the main economic driver for jobs, residental, and retail development in San Jacinto. The 5-mile trade area is supported by a dense population of over 164,300 residents with an average household income of $59,790.
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215