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Moreno Valley, CA - The Quarter Pad D
12980 Day Street | Moreno Valley, CA 92553
$3,512,000
Price5%
Cap Rate$175,582
NOI5,172
± SF Offering GLADescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in The Quarter PAD D, a newly constructed, 100% occupied, NNN leased, three-tenant investment property located in Moreno Valley, California (Inland Empire). The e-commerce resistant tenant mix consists of Country Kitchen, Orleans & York, and uBreakiFix. All tenants are on long-term NNN leases with scheduled increases.
Location
The Quarter PAD D is strategically located near the signalized, hard corner intersection of Day Street and Eucalyptus Avenue, averaging a combined 36,700 vehicles passing by daily. Additionally, the asset is ideally situated adjacent to three newly built major hotels, providing a steady, consistent consumer base to draw from. The site benefits from nearby on/off ramp access to both Interstate 215 (119,000 VPD) and State Highway 60 (132,000), two heavily traveled thoroughfares traveling through Moreno Valley and serving the greater Southern California area. The subject property is a part of The Quarter, a newly constructed retail center anchored by Residence Inn & Suites by Marriott (112 rooms), Holiday Inn & Suites (104 rooms), and Fairlfield Inn & Suites (142 rooms). The retail center is located less than 1 mile southwest to Moreno Valley Mall, a 1.13 million SF regional shopping mall anchored by Macy’s and Harkins Theatres. Other nearby shopping centers include Towngate Center (363,000 SF), Canyon Crossings (523,000 SF), Towngate Promenade (232,000 SF), and Canyon Springs Marketplace (382,000 SF). Furthermore, the asset is positioned nearby to Costco Wholesale, Walmart Supercenter, and Sam’s Club, anchors that significantly increase consumer draw to the immediate trade area and promote crossover retail exposure for the site. Moreover, the subject property is within walking distance to multiple apartment complexes including The Villas at Towngate (394 units), Villa Camille (112 units), and Fresco Apartments (552 units), providing the asset with a direct residential consumer base. The 5-mile trade area is supported by a population of nearly 254,000 residents and more than 54,000 employees with an average household income of $89,300.