Description

This property presents an excellent multi-tenant investment opportunity, shadow anchored by WinCo Foods and Home Depot, and uniquely positioned as the only grocery-anchored center serving the Green Valley neighborhood development. Currently 100% occupied, the center features a strong rent growth profile with 5 of the 7 leases including 3% annual increases and a weighted average lease term of 5.4 years. All tenants operate under NNN leases, reimbursing taxes, insurance, and CAM, while the tenant mix is internet-resistant, ensuring long-term stability. Located in Perris, CA, within the WinCo Foods and Home Depot anchored Perris Crossing, the property benefits from strong co-tenancy with major retailers such as Bank of America, Starbucks, AutoZone, 7-Eleven, and Circle K. The area has experienced rapid expansion, with population growth exceeding 22% within one mile and an affluent trade area averaging household incomes over $90,000 within five miles. Offering excellent visibility and access along Interstate 215 and Case Road—traveled by more than 99,000 vehicles daily—the property sits at the heart of Perris’ new residential corridor, where current projects include 623 single-family homes and 842 multi-family units.