23579 Sunnymead Ranch Pky
Moreno Valley, CA 92557

The property is an outparcel pad to the Lakeshore Village Marketplace, an ~ 79,987 square foot neighborhood shopping center. Co-tenants at the Lakeshore Village Marketplace include newly signed sub-anchor Dollar Tree, Jack-In-The-Box, Del Taco, Shell gas station & convenience store, dentistry, and a variety of food & beverage tenancy, soft goods and service-related retail. Lakeshore Village Marketplace is surrounded by 1000’s of existing homes along with several new home developments in the area. There are ~ 250 homes under construction within 1-mile of the property by national homebuilders, Lennar Homes and KB Homes. There is another 214 home development within 1.5-miles of the property (Redhill Village) that has received its approvals. Moreno Valley is the second largest city in Riverside County. The county is the 4th most populous county in California, and the 10th most populous county in the United States, with a population base of approximately 2,500,000. The county is one of the fastest growing counties in the United States. According to the Employment Development Department (EDD), in the first quarter of 2021, Riverside County is estimated to have a labor force of approximately 1,115,300 workers, and an unemployment rate of 7.7%, lower in comparison to both the unemployment rate in Los Angeles County of 10.9%, and in the State of California of 8.2%.