Frederick St & Sunnymead Blvd Center | 23031 Sunnymead Blvd
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Frederick St & Sunnymead Blvd Center 23031 Sunnymead Blvd
3,612 SF 36% Leased Retail Building Moreno Valley, CA 92553 $2,800,000 ($775/SF)
Investment Highlights
- Prominent Signalized Intersection with Heavy Traffic Flow
- Top Employment Growth Region
- Proximity to Retail Anchors
- Long Term Tenant History
Executive Summary
PRIME RETAIL LOCATION WITH INCOME STABILITY AND VALUE-ADD POTENTIAL. Positioned at a prime signalized intersection with high visibility from the 60 Freeway, this retail property is an exceptional opportunity for investors or owner-users seeking a versatile and well-located asset. The building is a 3,612-square-foot, two-tenant, potentially three-tenant freestanding building offering flexibility and income stability. Anchored by a long-term tenant, Little Caesars Pizza occupies 1,300 square feet under a secure NNN lease through January 2028. The remaining 2,312 square feet are vacant, offering a flexible space that can remain open or be divided back into two units, depending on the future owner’s vision or business needs. The space is primed for tenant improvements, providing an excellent opportunity to tailor the layout or enhance its value through thoughtful customization. Additionally, the property offers 10 parking spaces conveniently located at the front of the site. Located directly across from the bustling Moreno Valley Mall, this property benefits from a robust retail environment, drawing over 3.5 million square feet of consumer activity in the surrounding area. The region's dense demographics include over 242,000 residents within a 5-mile radius, combined with a growing workforce and proximity to major distribution hubs like the World Logistics Center. Whether as a stable income-producing asset or a space for creative redevelopment, this property provides unmatched potential in one of Southern California’s fastest-growing markets.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,612 SF
Building Class
B
Year Built
2007
Price
$2,800,000
Price Per SF
$775
Percent Leased
36%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Land Acres
0.34 AC
Zoning
C1
Parking
10 Spaces (2.77 Spaces per 1,000 SF Leased)
Frontage
98 FT on Sunnymead Blvd
Amenities
- Freeway Visibility
- Signage
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 292-250-039 | Improvements Assessment | $1,981,470 |
Land Assessment | $252,281 | Total Assessment | $2,233,751 |
PROPERTY TAXES
Parcel Number
292-250-039
Land Assessment
$252,281
Improvements Assessment
$1,981,470
Total Assessment
$2,233,751
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Frederick St & Sunnymead Blvd Center | 23031 Sunnymead Blvd
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