Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Moreno Valley, CA - Grifols
13473 Perris Blvd | Moreno Valley, CA 92553
$3,553,000
Price5.5%
Cap Rate$195,406
NOI15,370
± SF Offering GLA1.25
± AC Land AreaDescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, freestanding, Grifols investment property located in Moreno Valley, California (Inland Empire). The tenant has approximately 8 years remaining in their initial term with 1 (5-year) option to extend, demonstrating their commitment to the site. The lease features approximate 6% rental increases every 24 months throughout the initial term and 3% annual rental increases throughout the option period, growing NOI and hedging against inflation. The lease is guaranteed by Biomat USA, Inc. and is NNN with landlord responsibilities limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor. Grifols S.A. (NASDAQ: GRFS) is a multinational pharmaceutical/chemical manufacturer and the largest producer of blood plasma-based products in the world.
Location
Grifols is located at the signalized, hard corner intersection of Perris Boulevard and Cottonwood Avenue, averaging a combined 34,800 vehicles passing by daily. The property is ideally situated within Hometown Square Shopping Center, a 60,000+ SF strip center with a great mix of retail, services, medical, non-profit, and restaurant tenants. The site benefits from nearby direct on/off ramp access to State Highway 60 (103,000 VPD), a major retail thoroughfare connecting commuters directly to Interstate 215 (170,000 VPD), the primary north/south freeway traveling throughout the Inland Empire. The asset is located just 3.25 miles east of Moreno Valley Mall, a 1.25M SF regional mall anchored by Macy’s and Harkins Theaters. The family-oriented shopping mall features more than 137 retail, dining, and entertainment options. The plasma collection center is positioned within an immense retail corridor, with a variety of other national/credit tenants including Walmart Supercenter, The Home Depot, Costco Wholesale, Lowe’s Home Improvement, Winco. Foods, T.J. Maxx, Burlington, Walgreens, and more. In addition, the clinic is surrounded by several apartment complexes including Ridgeview (320 units), Perris Isle (189 units), North Woods (98 units), and Mountain View (140 units), offering Grifols a variety of potential donors. The 5-mile trade area is supported by more than 222,000 residents and 50,000 employees with a healthy average household income of $98,000.
Documents & Links
| View | ||
|---|---|---|
 Offering Memorandum |  |  |