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Roundtable And Shops
Moreno Valley, CA 92555

Building H · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
13,958 SF
Building Class
B
Year Built
2008
Percent Leased
77%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.87 AC
Zoning
CC
Parking
40 Spaces (2.86 Spaces per 1,000 SF Leased)
Frontage
161 FT on Eucalyptus Ave

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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
488-400-028
Land Assessment
$1,540,000
Improvements Assessment
$1,745,000
Total Assessment
$3,285,000
  • Listing ID: 9669372

  • Date on Market: 10/20/2017

  • Last Updated:

  • Address: Roundtable And Shops, Moreno Valley, CA 92555

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