333 - 411 Wilkerson Ave

Highlights:

• 80,490 SF Neighborhood Shopping Center Comprised of Six (6) Retail Buildings
• Exceptional Freeway Visibility & Accessibility on I-215 Freeway On/Off Ramp
• Most Tenants on Month-to-Month Leases
• 374 On-Site Parking Spaces (4.6:1,000 SF)
• Freeway Multi-tenant Pylon Sign
• High Traffic Counts: 111,982 CPD (I-215) & 21,678 CPD (4th St)
• 116,000 Residents with Avg HH Income of $101,711 (5-Mile Radius)
• Zoned “4th Street Gateway”: Retail, Office, Services, Multifamily Allowed by Right

Description:

The Project is ideally located on the I-215/Redlands Avenue interchange in Perris, with 850’ of freeway frontage (111,982 cars per day). Most tenants are on a month-to-month lease which offers an excellent value-add opportunity. The Project is comprised of a large “anchor space” potentially suitable for a major grocery store, in-line units that allow for flexibility in sizes for multiple tenants, and four (4) small freestanding buildings offering excellent street identity. All building sizes are approximate (requires independent verification by Buyer).

Perris is a strong retail market area featuring a very low city-wide vacancy of approximately 4%. The city’s population has doubled since 2000 to 83,000 (primarily due to affordability) and is projected to increase by another 24,000 over the next 10 years. There are currently over 10,000 new residential units proposed.

Freeway Plaza - Moreno Valley /Menifee Corridor

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