24667 Sunnymead Blvd

24667 Sunnymead Blvd , Moreno Valley, California, 92553 | 2,148 sq.f | $ 759,000

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About This Restaurant

Investment Highlights

Executive Summary

Long term owners selling net leased property creating an opportunity for new investors to collect rent, or potentially create new business ventures on an owned site. Located on bustling Sunnymead Blvd., the major artery of business in Moreno Valley. Very high traffic count of 31.8 and a walk score of 68. Iconic location in the midst of the "One of the most dynamic economic market potentials in contemporary California" per the city's home page, Grab the chance in a market that is about to explode. Property is less than a mile from the Perris Blvd exit off the 60 fwy. Across from a Bowlero and the Rio Rancho Super Mall. According to the U.S. Census Bureau, the population of Moreno Valley, California was 208,634 in 2021. This is an increase of 3.46% since the 2010 census, which recorded a population of 193,3652. Moreno Valley is the 20th largest city in California and the 109th largest city in the United States2. It is part of the San Bernardino-Riverside Metro Area, also known as the Inland Empire, which has a metro population estimated at 4.2 million.Cash, cash to new loan or owner may carry with substantial down payment.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Freestanding Restaurant
  • Building Size    2,148
  • Building Class    C
  • Year Built    1942
  • Price    759,000
  • Price Per SF    353
  • Cap Rate    5.22
  • NOI    39,600
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.12
  • Land Acres    0.41 AC

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage

Nearby Amenities & Transportation

Retail Sizzler
Retail Black Bear Diner
Retail Cardenas
Retail Rent-A-Center
Retail Denny's
Retail Jack In The Box
Retail Bank of America
Retail IHOP
Retail Food 4 Less
Retail Starbucks

Property Taxes

Parcel Number 481-161-045 Improvements Assessment $183,174
Land Assessment $43,228 Total Assessment $226,402
Date Created: 2024-07-16 04:09:25 Last Updated: 2024-07-16 04:09:25
Address: 24667 Sunnymead Blvd , Moreno Valley, California, 92553