Shops to Stater Bros (Pigeon Pass Plaza)
11,120,000
Moreno Valley, CA
At-A-Glance
Asking Price: $11,120,000
NOI: $778,583
Cap Rate: 7.00%
Opportunity
Pigeon Pass Plaza
Shops to Stater Bros Anchored Shopping Center
100% Leased Multi-Tenant NNN Retail Shopping Center
Highlights
- 100% leased multi-tenant NNN retail shopping center
- Situated directly next door to Stater Bros Grocery Store - Creating top tier customer draw and strong tenant synergy
- The Subject Property features daily needs and e-commerce tenants, making this an ideal/safe 1031 replacement for an investor
- Busy location at signalized, hard corner intersection of Ironwood Avenue and Pigeon Pass Road - Over 43,867 vehicles per day at the intersection
- Outstanding freeway access - The Subject Property is located within a quarter mile from the on-ramps and off-ramps for the 60 Freeway and Pigeon Pass Road.
- Strong demographics - There are over 236,000 permanent residents living within a 5-mile radius, with an average household income in excess of $91,525.
