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1340 Perris Blvd - NNN Leased Car Wash 1.05 Acres of Commercial Land Offered at $3,000,000 in Moreno Valley, CA 92553
Investment Highlights
- High Traffic Location: 28,989 ADT on Perris Blvd.
- Steady Income Growth: 10% rent increases every 5 years.
- Growing Area: ±16,000 housing units planned/under construction nearby.
- Strong Lease Terms: 20-year Absolute NNN Ground Lease with no landlord responsibilities.
- Part of Larger Development: Includes a high-sales projection Shell gas station.
- Established Tenant: Splash Express, a trusted car wash brand since 1988.
Executive Summary
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.
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.
Property Facts
| Price | $3,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Carwash |
| Sale Condition | Ground Lease (Leased Fee) | Total Lot Size | 1.05 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | ||
| Zoning | OC - Office Commercial | ||
| Price | $3,000,000 |
| Sale Type | Investment |
| Sale Condition | Ground Lease (Leased Fee) |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Carwash |
| Total Lot Size | 1.05 AC |
| No. Stories | 1 |
| Zoning | OC - Office Commercial |
1 Lot Available
Lot
| Price | $3,000,000 | Lot Size | 1.05 AC |
| Price Per AC | $2,857,142.86 |
| Price | $3,000,000 |
| Price Per AC | $2,857,142.86 |
| Lot Size | 1.05 AC |
Walk Score®
Very Walkable (70)
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1340 Perris Blvd - NNN Leased Car Wash
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