333 Wilkerson Ave Perris, CA 92570

This 80,490 square foot neighborhood shopping center, known as Freeway Plaza, is comprised of six retail buildings. It is located on the I-215/Redlands Avenue interchange in Perris, offering 850 feet of freeway frontage with high traffic counts of 111,982 cars per day. The property has exceptional freeway visibility and accessibility on the I-215 freeway on/off ramp. It features a freeway multi-tenant pylon sign and 374 on-site parking spaces, a ratio of 4.6 per 1,000 square feet. The location benefits from a high traffic count of 21,678 cars per day on 4th Street. The project includes a large anchor space potentially suitable for a major grocery store, in-line units that allow for flexibility in sizes for multiple tenants, and four small freestanding buildings offering excellent street identity. The property is zoned “4th Street Gateway,” which allows for retail, office, services, and multifamily uses by right. The surrounding area has 116,000 residents with an average household income of $101,711 within a 5-mile radius. Most tenants are on a month-to-month lease, offering an excellent value-add opportunity.