12252 Perris BlvdMoreno Valley, CA 92257

Property Details for 12252 Perris Blvd

Year built

1998

Construction

WOOD

Lot size

0.30 AC

Property size (Sq ft)

6,500 SF

Zone code

CC

Property type

Retail properties

Property subtype

Retail space

APN

479-030-054

APU

479030054

Description

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.

Location Insight

City

Moreno Valley

County

Riverside

State

California

Latitude

33.9425

Longitude

-117.226

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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