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Roundtable And Shops
Moreno Valley, CA 92555
Building H · Retail Property For Sale
PROPERTY FACTS
About Roundtable And Shops , Moreno Valley, CA 92555
High-Quality, Recently Constructed Retail Strip Center * Quality Retail Strip Center – Shops H is an approximately 13,958 SF “best of class” quality retail center, leased to , service and restaurant tenant Round Table Pizza * Out-Parcel to Stoneridge Towne Centre – Shops H is an out-parcel retail pad in the Stoneridge Towne Centre, a +/- 431,000 SF Super Target and Kohl’s-anchored community center * Income Growth – Net Operating Income is expected to increase more than $266,913 upon leasing up of the available space and $345,000 (350%) over the anticipated 10-year hold period Value Added Opportunity * Immediate Leasing Upside – At 27% currently occupancy, 73% (10,151 SF) of the property is available for lease, providing an immediate opportunity to add value and increase NOI * Development Yields Without Development Risk – Value add opportunity to achieve development returns but without development risk in the heart of Moreno Valley’s most traveled trade area * Strong Inflation Hedge – Schedule rental increases plus the lease up of vacant space produce high NOI growth, enhancing future cash on cash returns and providing a strong hedge against inflation in a tangible, dependable asset
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PROPERTY TAXES
Parcel Number | 488-400-028 | Improvements Assessment | $1,745,000 |
Land Assessment | $1,540,000 | Total Assessment | $3,285,000 |
PROPERTY TAXES
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Listing ID: 9669372
Date on Market: 10/20/2017
Last Updated:
Address: Roundtable And Shops, Moreno Valley, CA 92555
The Retail Property at Roundtable And Shops, Moreno Valley, CA 92555 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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