3525 Merrill Ave - Restaurant FOR SALE


Riverside, CA 92506- Magnolia Center
$3,991,818 USD
402-413-8527
3525 Merrill Ave, Riverside, CA for Sale
$3,991,818 USD
Restaurant - FOR SALE
1/4
null | 5.5% Cap Rate

3525 Merrill Ave
Riverside, CA 92506
Magnolia Center


HIGHLIGHTS

  • LONG SITE OPERATING HISTORY - 30+ Years At Location. 4.7+ Years Remaining. 15% Rent Increase Each Renewal Option
  • SURROUNDED BY 1+ MILLION SQ FT OF RETAIL - 110+ Regional & National Retailers Within 1-Mile Radius
  • RIVERSIDE PLAZA ACROSS THE STREETS - 8.2 Million Customer Visits Yearly. Top 2% Of All Shopping Centers CA
  • HIGHLY AFFLUENT MARKET - $115K Average Household Income. 3-Mile Population Of 117,500
  • RIVERSIDE – 12TH LARGEST CITY IN CALIFORNIA - $34 Billion Regional Economy. $500 Million 91 & 215 Freeway Ongoing Expansion

OVERVIEW

TOUCHSTONE COMMERCIAL PARTNERS is pleased to present a premier investment opportunity: a single-tenant Market Broiler restaurant in Riverside, California and the adjacent parking lot. The property sits directly across from Riverside Plaza— one of the busiest shopping centers in Southern California, with 475,000 SF, 60+ retailers drawing 8.5 million visits a year. The anchored tenants include Vons Supermarket, Regal Cinemas, and Trader Joe’s (Please refer to OM for a 360° aerial of the property). Market Broiler is a Southern California original known for fresh fish and chef-inspired seafood. The brand operates seven locations and has served this address for more than three decades. The tenant recently extended the NNN lease through May 2030 and holds 3 additional five-year renewal options, each with a 15% rent increase. Riverside anchors Southern California’s Inland Empire—one of the fastest-growing major metros in the U.S, with a $34 billion regional economy. The city benefits from diversified economic drivers in advanced manufacturing, logistics and distribution, healthcare, education, and emerging tech. Some of the key ongoing capital projects include a $100 million expansion of the School of Medicine at UC Riverside and a $ 500 million expansion of the 91 & 215 Freeways and the Riverside Renaissance Infrastructure Project.

FOR SALE DETAILS

PRICE

$3,991,818 USD

PRICE/SF

$705 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Market Broiler / Next To Trader Joe's/Vons

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

-

APN/PARCEL ID

225-140-009,225-140-010

ASK ABOUT THIS PROPERTY

Andrew VuTouchstone Commercial Partners, Inc.More Info
402-413-8527

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Andrew VuTouchstone Commercial Partners, Inc.More Info
402-413-8527

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.