Land Pad Opportunity
±2.3 Acre Land Pad within existing Lakeshore Village Marketplace Shopping Center in Moreno Valley, California.The property benefits form the additional traffic generated by adjacent Jack in the Box, Del Taco, Shell Station, Shire Family Dentistry and the ± 79,237 SF Lakeshore Village Marketplace neighborhood center.
Sunnymead Ranch
The site is located within close proximity to the 60 Freeway within the Sunnymead Ranch Community.Lakeshore Village Marketplace is the only commercial development serving the entire 2,677 home, masterplanned community of Sunnymead Ranch. The area is comprised of primarily single family residential with over 500 planned single family units proposed for future development. In addition, the average household income in the area is $103,645 combined with the low cost of housing provides a high disposable income which is ideal for retail. Lakeshore Village Marketplace’s location is ideal for servicing the surrounding residential neighborhoods as the property lies directly between the two main thoroughfares of the region,Pigeon Pass Road (20,679 vehicles per day) and Heacock Street (16,718 vehicles per day), and are both intersected by Sunnymead Ranch Parkway (16,602 vehicles per day). The centralized nature of this location is further evident by the high school, middle school, church, and fire station all within 1/3-mile of the subject property.
The City of Moreno Valley (2nd Largest City in Riverside County & 4th Largest in the Inland Empire)
Moreno Valley is a progressive city with a bright future. Moreno Valley’s youthful population totals 200,670. While maintaining its friendly small town attitude, the 50-square-mile community boasts big city amenities including contemporary retail destinations and neighborhood shopping centers, plus a multitude of options for entertainment, dining, cultural, and recreational experiences and an array of housing options. The City is dedicated to fostering new business and well-managed growth to create a superb quality of life for residents and visitors to enjoy. Solid growth has propelled Moreno Valley to its position as the second largest city in
Riverside County, fourth largest in the Inland Empire.
Riverside County
Riverside County lies in Southern California bordering Orange County to the west, San Bernardino County to the north, Arizona in the east, and San Diego and Imperial Counties to the south. The County is California’s fourth-most populous and the 11th most populous county in the United States, overall. Riverside County spans 7,208 square miles and is the fourth-largest county in California by area. Riverside and San Bernardino Counties form the Inland Empire, one of California’s fastest growing and largest economic regions. The US Department of Commerce’s Bureau of Economic Analysis ranks the Riverside-San Bernardino-Ontario MSA as the 25th largest economy in the United States. Inexpensive land prices, relative to Southern California, alongside a comprehensive transportation network, and an ample supply of vacant land, contributed to the Inland Empire’s rise as a major economic region. Several notable manufacturers and retailers have key distribution facilities in the Inland Empire and Riverside County in particular. Ralphs and Walmart operate distribution centers in the City of Riverside while Costco’s facility is in Mira Loma. Riverside County contains more than 2.46M residents and over 778K households. Projections show the County’s population will grow 1.5%, adding 189K residents and nearly 37K households by 2024. County residents are moderately educated in general as 55.1% of adults attended some college and 22.3% earned a bachelor’s degree or higher. Area households are considered upper middle class with a median annual income of $67,996, which is forecast to rise 3.2% to $79,033 per year by 2024.
