Ironwood Plaza, Moreno Valley, CA 23980 Ironwood Ave 56,288 SF 100% Leased Retail Building Moreno Valley, CA 92557 $18,706,034 CAD ($332.33 CAD/SF) 6% Cap Rate

Faris Lee Investments is pleased to present the opportunity to acquire Ironwood Plaza, a daily needs Dollar Tree-anchored shopping center located in Moreno Valley, California. Strategically positioned at the signalized intersection of Heacock Street and Ironwood Avenue, near the CA-60 Freeway (135,000+ VPD), the shopping center features exceptional visibility and accessibility within one of Riverside County's most densely populated trade areas. Ironwood Plaza, anchored by investment-grade Dollar Tree, offers investors stable in-place cash flow and significant upside through lease-up / mark-to-market opportunities. Offered below ‘replacement cost’ at approximately $235 per square foot, this investment presents an attractive low-basis acquisition with meaningful long-term value appreciation potential.
Dollar Tree (NASDAQ: DLTR / S&P: BBB) serves as the investment-grade anchor to Ironwood Plaza, operating more than 9,300 stores throughout the United States and Canada with an estimated $20.6 billion in 2026 revenue and a market capitalization exceeding $22 billion. The retailer provides a dependable daily-needs traffic driver that benefits the entire shopping center while maintaining an exceptionally low occupancy cost at the subject property.
The subject property benefits from exceptional Southern California demographics and a dominant retail corridor. Ironwood Plaza is surrounded by the city's strongest residential neighborhoods, with more than 134,280 residents within a three-mile radius, and over 220,610 residents within five miles. Proximate national retailers include Costco, Target, Walmart Supercenter, Sprouts, Home Depot, Lowe's, WinCo Foods, Food 4 Less, Sam's Club, Aldi, and more. These nearby shopping centers collectively generate millions of annual customer visits, including Towngate Shopping Center with more than 7.2 million visits over the past 12 months, ranking in the top 97th percentile nationwide.
Ironwood Plaza presents investors with a compelling opportunity to acquire a well-located, Dollar Tree-anchored, daily needs neighborhood shopping center in Southern California offering stable income, growing cash flow, and value-add potential.