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Property profile & analytics
FOR SALE
Shopping centers

23465 Sunnymead Blvd Moreno Valley, CA 92553

341,011 SF Built 1987
Property ID
US09-Q027150
Property summary
AI-generated overview

Marcus & Millichap is pleased to present Moreno Valley Plaza, a high-traffic, grocery-anchored shopping center in Moreno Valley, California. This multiple-anchored retail asset spans over 180,000 square feet and is home to a diverse mix of national and credit tenants, including Superior Grocers, Goodwill, BioLife Plasma, Harbor Freight, Office Depot, Big 5, and McDonald’s. Strategically located at a major exit off the Moreno Valley Freeway (60 Freeway), Moreno Valley Plaza features its own signalized intersection on Sunnymead Blvd, maximizing visibility, access, and consumer traffic. Moreover, the Pigeon Pass Exit feeds directly onto Sunnymead Boulevard, further increasing exposure and foot traffic to the center. With 82 percent occupancy, this value-add opportunity is priced on actual income, allowing investors to capitalize on leasing upside and potential break-up strategies. The property benefits from strong tenant retention with long-term stability and high customer loyalty, with 40 tenants in place for over 10 years and 18 tenants for over 20 years. Additionally, 65 percent of the center is occupied by credit tenants, which ensures predictable cash flow and investment security. With its prime freeway access, high-traffic location, strong grocery anchor, and long-standing tenant base, Moreno Valley Plaza represents a premier investment opportunity with significant upside potential in a dynamic Southern California retail market.

Property profile
Verified
Property type Shopping centers
Year built 1987
Total area 341,011 SF
UPID US09-Q027150
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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