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$ 3,950,000
Est. payment | /mo
0.95 Acres Lot
$ 3,950,000
Est. payment | /mo
0.95 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26024492
HOA Y/N No
Year Built 2009
Lot Size 0.950 Acres
Property Sub-Type Retail
Property Description
Michelle Chen/ Pacific Sterling Realty is pleased to present the fee simple sale of a single tenant retail building with a prime absolute NNN investment property opportunity; the landlord is not responsible for any repairs and maintenance. Pad of the most popular, nearly 300,000 SF TownGate Crossing Shopping Mall in Moreno Valley Perris Submarket. Anchored by Lowe's Home Improvement, surrounding tons of national retailers, department stores, and movie theaters, etc. Tenant has been in the same location in the past 15 years since September 30, 2010. The lease features 10% rental increases every 5 years throughout the lease Option Periods, growing NOI, and hedging against inflation. three (5) year option remains. E-commerce Resistant Service-Related Businesses. Tenant is a franchise of American casual dining restaurant and sports bar with 1,380 locations across all 50 U.S. States and DC.
Location
State CA
County Riverside
Area 259 - Moreno Valley
Interior
Fireplace No
Laundry None
Exterior
Present Use Commercial
Building
Lot Description Lot Over 40000 Sqft
Story 1
Water Public
Others
Tax ID 291590025
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Michelle Chen Pacific Sterling Realty 626-318-8033, DRE #01435662
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