24991 Alessandro Blvd.
Retail | 5.77% CAP | 16,602 SqFt
Marketing description
Berkshire Hathaway HomeServices Golden Properties is proud to offer an exclusive listing for the retail building on a signalized corner located at 24991 Alessandro Blvd in Moreno Valley, California. The property consists of 16,602 rentable square feet of building space situated on approximately 1.66 acres of land. The Tenant, Absolute Dollar Store, is currently operating under a 5-year NNN Lease set to expire on 04/30/29, with two 5-year options to renew. Current NOI (Year 2) is $339,813.07, with a 3% escalation scheduled for year 4, and 5% escalations for each option (plus 3% annual escalations in years 2-5 of each option).
Investment highlights
Outparcel to Sunnymead Towne Center - Anchored by El Super Supermarket
Strong Retail Corridor - Adjacent properties include Smart and Final Extra!, Starbucks, and Ross
Signalized Corner with Heavy Traffic- Average Daily Traffic Count on Alessandro Blvd - 22,100 and on Perris Blvd - 26,200
Minimal Landlord Responsibilities - Roof & Structure Only
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