1340 Perris Blvd - Commercial LAND FOR SALE


Moreno Valley, CA 92553- Edgemont Gardens45,738 SF
$3,000,000 USD
530-902-9501
1340 Perris Blvd, Moreno Valley, CA for Sale
$3,000,000 USD
Commercial LAND - FOR SALE
1/1
45,738 SF

1340 Perris Blvd
Moreno Valley, CA 92553
Edgemont Gardens


HIGHLIGHTS

  • High Traffic Location: 28,989 ADT on Perris Blvd.
  • Strong Lease Terms: 20-year Absolute NNN Ground Lease with no landlord responsibilities.
  • Steady Income Growth: 10% rent increases every 5 years.
  • Part of Larger Development: Includes a high-sales projection Shell gas station.
  • Growing Area: ±16,000 housing units planned/under construction nearby.
  • Established Tenant: Splash Express, a trusted car wash brand since 1988.

OVERVIEW

This property is a new car wash development located at 1340 Perris Blvd, Moreno Valley, CA, part of a larger project that includes a high-sales projection Shell gas station. The developer will begin site work in December 2025, with tenant construction starting in Q1 2026. Offered at $3,000,000, the investment features a 20-year Absolute NNN Ground Lease with no landlord responsibilities, a net operating income of $225,000, and a 7.50% cap rate. Rent increases by 10% every five years, including four 5-year renewal options, ensuring long-term income growth.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/ACRE

$2,857,143/AC

PRICE/SF

$66 USD /SF

# OF LOTS

-

ON GROUND LEASE

Yes

LAND DETAILS

PROPERTY NAME

NNN Leased Car Wash

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Car Wash

LAND ACRES

1.05 AC

LAND SF

45,738 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

OC

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ariel FoxRight Site RetailMore Info
530-902-9501

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Ariel FoxRight Site RetailMore Info
530-902-9501

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.