For Sale
$3,986,000

12252 Perris BlvdMoreno Valley, CA 92557

Two-Tenant NNN Retail Center, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Moreno Valley retail investment offers a fee-simple ownership opportunity in a 6,440 square foot, 100% occupied shopping center. The property boasts two NNN-leased tenants: Smiles West Dental and Orthodontics and Provisional Accelerated Learning (PAL) Academy. Built in 1998 and renovated in 2015, this single-story building sits on a 13,068 square foot lot at a signalized intersection of Perris Boulevard and Hemlock Avenue, experiencing high daily traffic counts (37,000 CPD). Its prime location provides excellent visibility and accessibility from the 60 Freeway (113,900 CPD), and benefits from proximity to major national retailers such as CVS, Bank of America, and Dollar Tree. The property's strong tenant lineup, with lease terms including rent bumps, ensures a stable income stream. The current Net Operating Income (NOI) is $199,300, resulting in a 5.06% cap rate. The asking price is $3,986,000. Located in a densely populated area with a high average household income (over $80,000 within a 5-mile radius), this investment presents a compelling opportunity for long-term growth and return. The property's APN is 479-030-054. This is a 1031 exchange eligible property.

Highlights

  • Strong tenant lineup with 100% occupancy and NNN leases.
  • Two suites: Smiles West Dental (3,940 SF, 7-year lease + 5-year option) and PAL Academy (2,500 SF, 3-year lease + two 5-year options).
  • Outparcel to a shopping center anchored by CVS, Bank of America, Dollar Tree, and dd's Discounts, located in a dense retail corridor with numerous national tenants.
  • Hard-corner, signalized intersection with high daily traffic (37,000+ cars) and excellent freeway visibility (60 Freeway, 113,900 CPD).
  • Strong demographics: Over 141,000 residents within 3 miles ($74,000+ average household income) and over 216,000 residents within 5 miles ($80,000+ average household income), plus a strong daytime population.

Property Details for 12252 Perris Blvd

Property type
Lifestyle centers, Power centers
Square Feet
6,440 SF
Year Built/Renovated
1998/2015
Buildings
1
Stories
1
Units
2

Location Insight

City
Moreno Valley
County
Riverside
State
California
Latitude
33.94230137
Longitude
-117.22600295
12252 Perris Blvd, Moreno Valley, California

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12252 Perris Blvd
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