Skip to main content

Auto Service - Gas-Conv

Pilot Travel Center | Riverside County - SoCal | 20Yr NNN Ground Lease | Brand New 2021 Construction

NWC Eucalyptus Ave & Redlands Blvd, Moreno Valley, CA 92555

Listing Price: $15,529,412

Cap Rate
4.25%
Tenant Name
Pilot Travel Center
Years Remaining On Lease
20.0
Gross SF
10,500
Guarantor
Corporate Guarantee
Rentable SF
10,500
Price/Gross SF
$1,478.99
Lease Type
NNN Ground Lease
Rent Per Square Feet
$62.86

Investment Overview

Moreno Valley is a progressive city with a bright future. The 50-square mile community boasts big city amenities including contemporary retail destinations and neighborhood shopping center, a multitude of options for entertainment, dining, cultural, and recreational experiences along with an array of housing options. Moreno Valley is strategically located at the junction of State Route 60 and Interstate 215 with excellent access to major transportation networks. The major transportation corridors connect underserved Inland residents to their jobs and shopping opportunities. Retail centers in Moreno Valley are well positioned to serve the needs of several surrounding communities such as East Riverside (Orange crest, Woodcrest, Mission Grove and Canyon Crest), Perris, Hemet/San Jacinto, Redlands and the Beaumont/Banning areas. Ontario International Airport can be reached in thirty minutes, fulfilling passenger service needs. An inter-modal rail facility is 18 miles away and two major ports, the Port of Los Angeles and the Port of Long Beach, are easily accessed via the freeway system.

Investment Highlights

  • Generational Opportunity - 20 Year Corporate Backed Absolute Net Ground Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options.
  • Positioned Along Area's Major Industrial, Office & Traffic Corridor - Signalized Hard Corner Location Featuring Easy Access & Excellent Visibility. Immediate Access to/from CA-60 (69k+ VPD).
  • Strong Tenant - Pilot Company is Largest Supplier of Fuel and the Industry Leading Network of Travel Centers in North America. Ranked #10 on Forbes' List of America's Largest Private Companies.
  • Immediate Area Experiencing Major Growth: Near Several Large Housing/Retail Developments Under Construction. Tremendous Growth among the last 15 Years within the Industrial Base along CA-60 and Interstate-215 (5.76% Annual Growth Rate).
  • Adjacent to ALDI's California Distribution Center. Near Numerous Retail & Shopping Centers including Stoneridge Towne Centre (40+ Stores), Moreno Beach Plaza (30+ Stores) and many National Retailers including Walmart, Target, Tractor Supply, Best Buy, Kohl's and more.
  • Across from World Logistics Center - An Approved 40.6 Million SF Warehouse Complex Development. The Project will Generate Approximately $2B a Year in Economic Activity & create 20k+ new Jobs when completed. It will become one of the World's Largest Warehouse-Distribution Operations.
  • Moreno Valley's has a Booming Daytime Population, with Major Workforce Expansions by Moreno Valley's Fortune 500 and Global Corporations. Offers a Dedicated and Productive Work Force of 1M+ People within 20 Miles. The City of Moreno Valley is the 2nd Largest City in Riverside County and is Southern California's Newest and Fastest Growing Distribution and Logistics Corridor; Consisting of more than 22 Million SF of Office & Industrial Space.
  • In Close Proximity to Riverside University Health System Medical Center – This 493-Bed Hospital and Medical Center currently employs more than 3.4k Physicians & Staff and has an ER capable of handling up to 100k Patient Visits per Year.

Exclusively Listed By

Auto Service - Gas-Conv

Pilot Travel Center | Riverside County - SoCal | 20Yr NNN Ground Lease | Brand New 2021 Construction

Listing Price: $15,529,412

Cap Rate
4.25%
Tenant Name
Pilot Travel Center
Years Remaining On Lease
20.0
Gross SF
10,500
Guarantor
Corporate Guarantee
Rentable SF
10,500
Price/Gross SF
$1,478.99
Lease Type
NNN Ground Lease
Rent Per Square Feet
$62.86

Investment Highlights

  • Generational Opportunity - 20 Year Corporate Backed Absolute Net Ground Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options.
  • Positioned Along Area's Major Industrial, Office & Traffic Corridor - Signalized Hard Corner Location Featuring Easy Access & Excellent Visibility. Immediate Access to/from CA-60 (69k+ VPD).
  • Strong Tenant - Pilot Company is Largest Supplier of Fuel and the Industry Leading Network of Travel Centers in North America. Ranked #10 on Forbes' List of America's Largest Private Companies.
  • Immediate Area Experiencing Major Growth: Near Several Large Housing/Retail Developments Under Construction. Tremendous Growth among the last 15 Years within the Industrial Base along CA-60 and Interstate-215 (5.76% Annual Growth Rate).
  • Adjacent to ALDI's California Distribution Center. Near Numerous Retail & Shopping Centers including Stoneridge Towne Centre (40+ Stores), Moreno Beach Plaza (30+ Stores) and many National Retailers including Walmart, Target, Tractor Supply, Best Buy, Kohl's and more.
  • Across from World Logistics Center - An Approved 40.6 Million SF Warehouse Complex Development. The Project will Generate Approximately $2B a Year in Economic Activity & create 20k+ new Jobs when completed. It will become one of the World's Largest Warehouse-Distribution Operations.
  • Moreno Valley's has a Booming Daytime Population, with Major Workforce Expansions by Moreno Valley's Fortune 500 and Global Corporations. Offers a Dedicated and Productive Work Force of 1M+ People within 20 Miles. The City of Moreno Valley is the 2nd Largest City in Riverside County and is Southern California's Newest and Fastest Growing Distribution and Logistics Corridor; Consisting of more than 22 Million SF of Office & Industrial Space.
  • In Close Proximity to Riverside University Health System Medical Center – This 493-Bed Hospital and Medical Center currently employs more than 3.4k Physicians & Staff and has an ER capable of handling up to 100k Patient Visits per Year.

Investment Overview

Moreno Valley is a progressive city with a bright future. The 50-square mile community boasts big city amenities including contemporary retail destinations and neighborhood shopping center, a multitude of options for entertainment, dining, cultural, and recreational experiences along with an array of housing options. Moreno Valley is strategically located at the junction of State Route 60 and Interstate 215 with excellent access to major transportation networks. The major transportation corridors connect underserved Inland residents to their jobs and shopping opportunities. Retail centers in Moreno Valley are well positioned to serve the needs of several surrounding communities such as East Riverside (Orange crest, Woodcrest, Mission Grove and Canyon Crest), Perris, Hemet/San Jacinto, Redlands and the Beaumont/Banning areas. Ontario International Airport can be reached in thirty minutes, fulfilling passenger service needs. An inter-modal rail facility is 18 miles away and two major ports, the Port of Los Angeles and the Port of Long Beach, are easily accessed via the freeway system.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower