2131- Perris Blvd Perris, CA 92571
- Retail properties
- 49,223 SF
Current Use by Public Records
- Retail properties
Property Details for 2131- Perris Blvd
- Year built
- 2002
- Property size
- 49,223 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This fee-simple retail property, a successful hand car wash in Perris, CA, offers a compelling investment opportunity. The 49,223 square foot facility, built in 2002 and renovated in 2006, sits on a 49,049 square foot lot at 2131 N Perris Blvd, 92571. Boasting a strong 6.86% cap rate and a $240,000 NOI, the property presents a significant return on investment. The asking price is $3,500,000 ($71.10/sq ft). The business has enjoyed 20 years of success, benefiting from a loyal customer base and its resilience to economic downturns. Significant value-add potential exists through leasing the vacant pad to complementary retail businesses, such as drive-thrus, capitalizing on the high traffic generated by the car wash and the densely populated area, including nearby large-scale logistics warehouses and new housing developments. The property features four buildings on one story and is suitable for a 1031 exchange. This is a rare chance to acquire a profitable, established business with substantial upside.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Perris
- County
- Riverside
- State
- California
- Longitude
- -117.226
- Latitude
- 33.811
