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3530 Madison Street - Denny's, Riverside, CA

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3530 Madison Street - Denny's

NWC of Madison St. & Garden St.
Riverside, CA 92504-3717 - Riverside Submarket

Property Type:Retail Sub Type:Restaurant Status:Existing Year Built:-
Building Size:3,700 SF Land Area:.21 AC (9,004 SF)
For Sale Price:$3,670,000 Price/SF:$991.89
Cap Rate:4.50 %
Parking:Free Surface spaces are available; Ratio of 6.91/1,000 SF
Features:Bus Line, Freeway Visibility, Signage, Signalized Intersection

Sale Notes:
Faris Lee Investments is pleased to offer for sale the land & building (fee simple) interest in a freestanding, single tenant, absolute NNN-leased, recently renovated Denny' s Restaurant, located in Riverside, CA. Denny' s has just renewed for 20 years and the lease features 10% rental increases at the beginning of each 5 Year period throughout the lease term. Part of re-development with planned 24 Hour Fitness & Starbucks.
The subject property is ideally located on a free standing pad within the Madison Plaza redevelopment project anchored by 24 Hour Fitness & a proposed Starbucks at the signalized, hard corner intersection of Madison Street and Garden Street (23,949 combined vehicles per day). Additionally, the subject property is strategically located just off of the Riverside 91 Freeway (172,000 vehicles perday) with direct access via Madison Street. Madison Street is a major corridor serving numerous major retailers and other traffic generators in the immediate trade area creating strong tenant synergy and crossover traffic. The subject property is located within close proximity to Arlington Square, featuring national tenants such as Smart N Final, Ross Dress for Less, Dollar Tree, Big Lots & Chase Bank. Cal Baptist University with 8,541 students is located 1 mile away creating strong consumer demand in the immediate trade area. There are more than 285,700 permanent residents with an average household income higher than $73,800 within 5-miles of the subject property. Additionally, the trade area is supported by more than 103,600 daytime employees within a 5-mile radius.

Faris Lee Investments
Jeff Conover
(949) 221-1810

Chris DePierro
(949) 221-1824

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