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Grocery-Anchored Shopping Center For Sale

23465 Sunnymead Blvd Moreno Valley, CA 92553

23465 Sunnymead Blvd, Moreno Valley, CA, 92553
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High-traffic shopping center with national tenants and freeway access.

Property Size341,011 SF
Lot Size7.83 Acres
Price / SF$163.02
AddedJun 18, 2025
Days on Market393
Last RefreshJun 23 at 4:47 pm

Property Features for 23465 Sunnymead Blvd

General Information

Standard status
Active
Size
341,011 SF
Lot size
7.83 Acres
Property subtype
Retail

Building Details

Year Built
1987

Listing office Marcus & Millichap

Listing date Jun 18, 2025

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap


Investment Insights

Based on property information with market context.

Moreno Valley Plaza is a grocery-anchored shopping center located in Moreno Valley, California. The retail asset spans over 180,000 square feet and features a mix of national and credit tenants, including Superior Grocers, Goodwill, BioLife Plasma, Harbor Freight, Office Depot, Big 5, and McDonald’s. The property is located at a major exit off the Moreno Valley Freeway (60 Freeway) and has its own signalized intersection on Sunnymead Blvd. The Pigeon Pass Exit feeds directly onto Sunnymead Boulevard, increasing exposure and foot traffic to the center. The property is 82 percent occupied and is priced on actual income. The property benefits from tenant retention with long-term stability and customer loyalty, with 40 tenants in place for over 10 years and 18 tenants for over 20 years. 65 percent of the center is occupied by credit tenants. The property is located on Sunnymead Blvd in Moreno Valley, CA. The property size is 341011 square feet.

Key Highlights

  • High‑traffic location with direct freeway (60 Freeway) access and a signalized intersection on Sunnymead Blvd.
  • Grocery‑anchored shopping center with Superior Grocers as a key tenant.
  • Diverse mix of national and credit tenants, including Harbor Freight, Office Depot, and McDonald’s.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $7.37M $21.60
− Vacancy −$405.1k −$1.19
EGI $6.96M $20.41
− OpEx −$2.09M −$6.12
NOI $4.87M $14.29
341,011 SF · lease $21.60/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$69.61M
$60.91M – $81.21M (±1% cap)
NOI $4,872,502 @ 7.0% cap · market cap 8.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$116.87M
$102.26M – $136.35M (±1% cap)
NOI $8,180,827 @ 7.0% cap · market cap 14.72%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Shopping centers

Suggested Use

Building Supply Big Box & Wholesale Store Gym & Fitness Center Restaurant Parking Lot & Garage Pharmacy Electrical Service Law Firm Hotel & Motel Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Coinstar Kiosk - Bitcoin ATM — 12880 Day St WinCo, 12880 Day St, Moreno Valley, CA 92553
  • Moreno Valley Plaza — 23715 Sunnymead Boulevard, Moreno Valley, CA 92553
  • Moreno Valley Mall — 22500 Town Cir, Moreno Valley, CA 92553
  • Towngate Shopping Center — 12625 Frederick St, Moreno Valley, CA 92553
  • Towngate Plaza — 22680 Centerpoint Dr, Moreno Valley, CA 92553

FAQs

What type of property is this?
Shopping center - High-traffic shopping center with national tenants and freeway access.
Where is this shopping center located?
The property is located at 23465 Sunnymead Blvd Moreno Valley, CA.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: High‑traffic location with direct freeway (60 Freeway) access and a signalized intersection on Sunnymead Blvd.; Grocery‑anchored shopping center with Superior Grocers as a key tenant.; Diverse mix of national and credit tenants, including Harbor Freight, Office Depot, and McDonald’s.
Contact an agent
(951) 532-1222 Call to check price and availability
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