12252 Perris Blvd - Freestanding FOR SALE


Moreno Valley, CA 92557
$3,986,000 USD
909-800-6004
12252 Perris Blvd, Moreno Valley, CA for Sale
$3,986,000 USD
Freestanding - FOR SALE
1/5
null | 5.06% Cap Rate

12252 Perris Blvd
Moreno Valley, CA 92557


HIGHLIGHTS

  • Strong Tenant Lineup | 100% Occupied | NNN Leases
  • Strong Anchored Shopping Center with National/Credit Tenants | Dense Retail Corridor
  • Signalized Hard-Corner Location | Easily Accessible to and from the 60 Freeway (113,900 CPD)
  • Strong Demographics Trade Area

OVERVIEW

Lee & Associates is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, NNN leased, two-tenant retail investment property in Moreno Valley, California. The property is divided into two suites with Smiles West Dental and Orthodontic and Provisional Accelerated Learning (PAL) Academy. Smiles West has been operating at this location since 2014 and PAL just recently signed a brand-new lease in July 2021. Both tenants operate under leases which are NNN in nature, limiting expense leakage for a future investor. The subject property is ideally located at a signalized intersection of Perris Boulevard and Hemlock Avenue(37,000 CPD). The property is easily accessible to and visible from the 60 Freeway (113,900 CPD), providing ease and convenience for customers. The asset is strategically positioned as an out-parcel to CVS/Pharmacy, Bank of America, Dollar Tree and dd’s Discounts anchored shopping center. The asset is in the center of a primary retail corridor with other nearby national/credit tenants including Walgreens, McDonald’s, Food 4 Less, O’Reilly Auto Parts, Starbucks, Taco Bell, Del Taco, Jack in the Box, and more. Moreover, within a 2-mile radius, there are several middle schools and high schools with over 6,600 students. The 5-mile subject trade area is supported by more than 216,000 residents and 113,000 daytime employees with an average household income of $80,000.

FOR SALE DETAILS

PRICE

$3,986,000 USD

PRICE/SF

$619 USD /SF

CAP RATE

5.06%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

CG

APN/PARCEL ID

479-030-054

ASK ABOUT THIS PROPERTY

Frank VoraLee & AssociatesMore Info
909-800-6004

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Frank VoraLee & AssociatesMore Info
909-800-6004

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.