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    12252 Perris Blvd Moreno Valley, CA 92557

    For Sale
    $3,986,000

    Two-Tenant NNN Retail Center, 100% Occupied

    Property size:
    6,440 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    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.

    Property Features for 12252 Perris Blvd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    6,440 SF

    Building Details

    Year Built/Renovated
    1998/2015
    Buildings
    1
    Stories
    1
    Units
    2

    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 Profile Insight Report Location Intelligence

    Current Use by Public Records

    PAL Community Resource ... Education Center Dr. Wellington Eng Medical Clinic Nirmala Umedram Panchal Dentist Smiles West - Moreno ... Dentist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Moreno Valley
    County
    Riverside
    State
    California
    Longitude
    -117.22600295
    Latitude
    33.94230137

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    FAQs

    What type of property is this?
    Lifestyle center - Two-Tenant NNN Retail Center, 100% Occupied
    Where is this lifestyle center located?
    The property is located at 12252 Perris Blvd Moreno Valley, CA.
    What is the asking price?
    The asking price for this property is $3,986,000.
    What are key features of this property?
    This property features: 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.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12252 Perris Blvd Moreno Valley, CA 92557
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