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Mor Furniture 39825 Avenida Acacias
37,342 SF Retail Building Murrieta, CA 92563 $8,000,000 ($214/SF) 6.30% Cap Rate
Investment Highlights
- Long-Term NNN lease expiring June 30, 2035
- Ample parking
- Standalone structure
Executive Summary
Rent increases to $570,000/Annual in 2028 - 7.125% CAP Rate
Property Facts
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
- 37,342 SF
- $1.13
- Triple Net
- Jun 2035
Mor Furniture for Less was founded over 40 years ago and is an industry-leading retailer that consistently ranks among the top furniture retailers in the US. The company's purpose is based upon creating opportunities to improve people’s lives which Mor stives to achieve with their customers, vendors, the communities in which they operate, and their over many employees. Originally a family owned and operated company, Mor was acquired by one of their suppliers in 2020 and now strives to become a vertically integrated retailer capable of providing quality merchandise at prices that beat the internet. They know that you are shopping for your house, not a warehouse, which is why their carefully-selected furniture selection is arranged into complete rooms, allowing you to visualize the furniture as would be in your home. Why shop for just a sofa when you can have the entire collection, including loveseat, chair, and ottoman with coordinating tables, rugs and lamps?
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | 37,342 SF | $1.13 | Triple Net | Jun 2035 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 948-310-026 | Improvements Assessment | $5,202,000 |
| Land Assessment | $2,142,000 | Total Assessment | $7,344,000 |
PROPERTY TAXES
Presented by
Mor Furniture | 39825 Avenida Acacias
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