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KFC - Hemet, CA

The subject property is a Kentucky Fried Chicken store operated by Polly's Pies. The site is located on Florida Avenue, the main retail corridor cutting through Hemet, California. Hemet is a desert community which sits just off of the 215 Freeway, which is the main artery connecting central California to the San Diego area.

 

National retail tenants in the area include Autozone, Shell Gas Station, Del Taco, Stater Bros, BBVA, Rite Aid, Circle-K, and 76 gas station. The site is further filled in by regional retail tenants, but is supported primarily by the sprawling tracts of manufactured and single family homes in the area. Combine this with the fact that there are only two quickservice restaurants (Del Taco and Subway) within a one-mile radius, and it is easy to understand why Polly's Pies has stayed at the site since 1991.

 

Polly's Pies, as an operator, takes great pride in each of their operations. They operate 14 Kentucky Fried Chicken properties, and 16 Polly's Pies, all in Southern California. They are a privately held family company, and take a very hands-on approach to their stores. At the drive-thru, customers are greeted with "Welcome to KFC, operated by Polly's Pies!" Their pride in this location could be attributed to the recent rennovations to the property, paid for by the tenant.

Additional Info

  • Address: : 3440 East Florida Ave., Hemet, CA 92544
  • Price: : $1,142,000
  • Net Rentable Area: : 2,000
  • Lot Size (Acres): : 0.58
  • CAP Rate: : 6.25%
  • Price Per Sqft: : $571.00
  • NOI: : $71,369
  • Year Built: : 1993
  • Status: : Available