23965 Ironwood Ave - Drug Store FOR SALE


Moreno Valley, CA 92557- Moreno Valley West
$5,300,000 USD
619-884-4875
23965 Ironwood Ave, Moreno Valley, CA for Sale
$5,300,000 USD
Drug Store - FOR SALE
1/4
null | 6.86% Cap Rate

23965 Ironwood Ave
Moreno Valley, CA 92557
Moreno Valley West


HIGHLIGHTS

  • The subject property has a close proximity to 60 Freeway and 215 Freeway
  • Easy access to outdoor activities such as Box Springs Mountain Reserve Park, Lake Perris State Recreation, hiking, picnicking, fishing and boating
  • Convenient for accessing various amenities, shopping centers, dining options and entertainment, which includes the Moreno Valley Mall

OVERVIEW

Kidder Mathews is pleased to present for sale, the single-tenant Rite Aid building located on Ironwood Avenue in Moreno Valley. The site is situated on a 4 way signalized intersection that boasts a combined vehicle count of nearly 40,000 cars per day and excellent visibility from all corners of the intersection. The property is located less than a minute drive from highway 60 in a dense, infill market of 216,000 residents within a 5 mile population with a median income level of $92k per year. The building was built in 1999 as a build-to-suit for Rite Aid, with a recent 10 year extension being completed, demonstrating Rite Aid’s commitment to the site. Additionally, there are 2 acres of land with the property, giving an investor significant options for a potential re-development in the future at the end of the lease term, should an investor determine that a better use would suit the property. Please contact broker for additional details.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$317 USD /SF

CAP RATE

6.86%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rite Aid

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

CROSS STREETS

Heacock St

LAND ACRES

2.01 AC

LAND SF

87,556 SF

ZONING

NC, Moreno Valley

APN/PARCEL ID

292-193-034

ASK ABOUT THIS PROPERTY

Sam HannaKidder MathewsMore Info
619-884-4875

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Sam HannaKidder MathewsMore Info
619-884-4875

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