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Mor Furniture 39825 Avenida Acacias

37,342 SF Retail Building Murrieta, CA 92563 $11,339,760 CAD ($304 CAD/SF) 6.30% Cap Rate

Investment Highlights

  • Long-Term NNN lease expiring June 30, 2035
  • Ample parking
  • Standalone structure

Executive Summary

Prime Investment Opportunity. Triple Net Investment - NNN.
Rent increases to $570,000/Annual in 2028 - 7.125% CAP Rate

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
37,342 SF
Building Class
B
Year Built
2006
Price
$11,339,760 CAD
Price Per SF
$304 CAD
Cap Rate
6.30%
NOI
$714,405 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.21
Lot Size
4.00 AC
Zoning
CC, Murrieta
Parking
120 Spaces (3.21 Spaces per 1,000 SF Leased)
Frontage
151 ft on Avenida Acacias

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Monument Signage
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 37,342 SF
  • $1.60 CAD
  • Net
  • Jun 2035

Mor Furniture for Less was founded over 40 years ago and is an industry-leading retailer that consistently ranks among the top furniture retailers in the US. The company's purpose is based upon creating opportunities to improve people’s lives which Mor stives to achieve with their customers, vendors, the communities in which they operate, and their over many employees. Originally a family owned and operated company, Mor was acquired by one of their suppliers in 2020 and now strives to become a vertically integrated retailer capable of providing quality merchandise at prices that beat the internet. They know that you are shopping for your house, not a warehouse, which is why their carefully-selected furniture selection is arranged into complete rooms, allowing you to visualize the furniture as would be in your home. Why shop for just a sofa when you can have the entire collection, including loveseat, chair, and ottoman with coordinating tables, rugs and lamps?

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 37,342 SF $1.60 CAD Net Jun 2035

Nearby Major Retailers

Anytime Fitness
Starbucks
Stater Bros. Markets
U.S. Bank
YouFit Gyms
Grocery Outlet
Ymca
Bank of America
Sizzler
Capriotti's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
948-310-026
Land Assessment
$3,030,951 CAD
Improvements Assessment
$7,360,882 CAD
Total Assessment
$10,391,833 CAD
  • Listing ID: 31807426

  • Date on Market: 2024-05-15

  • Last Updated:

  • Address: 39825 Avenida Acacias, Murrieta, CA 92563

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