12252 Perris Blvd

Lee & Associates is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, NNN leased, two-tenant retail investment property in Moreno Valley, California. The property is divided into two suites with Smiles West Dental and Orthodontic and Provisional Accelerated Learning (PAL) Academy. Smiles West has been operating at this location since 2014 and PAL
just recently signed a brand-new lease in July 2021. Both tenants operate under leases which are NNN in nature, limiting expense leakage for a future investor.
The subject property is ideally located at a signalized intersection of Perris Boulevard and Hemlock Avenue(37,000 CPD). The property is easily accessible to and visible from the 60 Freeway (113,900 CPD), providing ease and convenience for customers. The asset is strategically positioned as an out-parcel to CVS/Pharmacy, Bank of America, Dollar Tree and dd’s Discounts anchored shopping center. The asset is in the center of a primary retail corridor with other nearby national/credit tenants including Walgreens, McDonald’s, Food 4 Less, O’Reilly Auto Parts, Starbucks, Taco Bell, Del Taco, Jack in the Box, and more. Moreover, within a 2-mile radius, there are several middle schools and high schools with over 6,600 students. The 5-mile subject trade area is supported by more than 216,000 residents and 113,000 daytime employees with an average household income of $80,000.