Grocery-Anchored Shopping Center For
23465 Sunnymead Blvd, Moreno Valley, CA 92553
High-traffic shopping center with national tenants and freeway access.
Type:Retail
Property size:
341,011 SFLot size:
7.83 AcresPrice / SF:
$163/SF- Added:
- Jun 18, 2025
- Days on Market:
- 339
- Last Refresh:
- Mar 17 at 1:19 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 agent Alan Krueger License #00880814
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
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.
- Significant value‑add opportunity with 82% occupancy, priced on actual income, allowing for leasing upside.
- Strong tenant retention with long‑term stability; 40 tenants in place for over 10 years and 18 tenants for over 20 years.
- 65% of the center is occupied by credit tenants, ensuring predictable cash flow.
Overview
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.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$54.14M
NOI $4,872,502 @ 9.00% cap · cautious / downside scenario
Moderate
$69.61M
NOI $4,872,502 @ 7.00% cap · market / base-case scenario
Aggressive
$97.45M
NOI $4,872,502 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| 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 Use Scenarios
Best Use
Retail
$69.61M
$60.91M – $81.21M
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
NOI $8,180,827 @ 7.0% cap · market cap 14.72%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Shopping centers
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- Towngate Shopping Center — 12625 Frederick St, Moreno Valley, CA 92553
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Location Insight
- Map
- Local Demand
- City
- Moreno Valley
- County
- Riverside
- State
- California
- Longitude
- -117.252297
- Latitude
- 33.938892
Nearby Similar for Sale
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.
