Strip Center Buy One Or Buy Both Combined Cap Rate 7.% -/+

RIVERSIDE, CA

For sale
Back to all properties
Retail
Property Slider Image
Property Slider Image
Property Slider Image
Property Slider Image

PROPERTY INFO


NOI Year Built
180,000 1

DESCRIPTION


100% Occupied   Below Market Rents  Covered Land Play

9758 Magnolia AVE Riverside CA 92503

Heavily Trafficked Tyler Mall Corridor
High Exposure For Next Round Of Re-Tenanting
Frontage Magnolia Ave 120′
Rear lot access controlled by gate / side & rear parking 40 parking stalls
Traffic Metrics – Over 75 , 299 car per day
Close Proximity to Tyler Mall Galleria & I – 91 Freeway
Attractive Slump Block & Concrete Building – well built for repurposing
NO REA ’ s CAM or HOA charges – site is under sole maintenance of new fee owner
PYLON SIGN – Magnolia Av-
Frontage on Magnolia Rear / side of site allows for trucks and vans to maneuver for deliveries
Planning supports medical uses , entertainment uses retail uses , and restaurant uses
Walk Score Very Walkable ( 86)
9,700 SF net leasable
1988 year built
Land 0.71 AC 100% occupied
5.76% going in cap rate-
CPI annual increase going forward (Current CPI 3.8%)

 

 

 

5300 Arlington AVE Riverside CA 92504

 

 

Heavily Trafficked Established Trade Area

High Exposure For Future Re-Tenanting

250’ of street frontage 

29 parking stalls

Traffic Metrics – Over 25 ,299 car per day 

Close Proximity NEW Development: apartment community.  (FORMER SEARS under entitlement )

Increase & Structure Rents & NNN

PYLON SIGN – Walk Score Very Walkable ( 86) 

7430 SF  net leasable

1980 year built

0.45 AC    100% occupied  

6 Suites- Five Tenants

SALES COMPS LINK

INFO REQUEST FORM