9590 Magnolia Ave - Freestanding FOR SALE


Riverside, CA 92503- Arlington
$2,562,000 USD
480-221-4221
9590 Magnolia Ave, Riverside, CA for Sale
$2,562,000 USD
Freestanding - FOR SALE
1/9
null | 5.5% Cap Rate

9590 Magnolia Ave
Riverside, CA 92503
Arlington


HIGHLIGHTS

  • 100% Leased | 4-Tenant, Two-Story Retail/Office Property
  • Prime Retail Corridor | High-Profile Riverside Location
  • Direct Consumer Base (Colleges & Hospitals)
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% leased, two-story, four-tenant retail/office property strategically positioned along the highly traveled Magnolia Avenue corridor in Riverside, California. The property features a strong mix of service-oriented tenants on predominantly NNN lease structures. Most leases include annual rental increases of the greater of 3% or CPI, ensuring long-term income growth. While the current ownership is not collecting reimbursement income, a new investor has the ability to enforce existing lease terms as written, providing immediate upside. In addition, tenants are currently paying rents well below market averages in Riverside County, creating significant value-add potential.

FOR SALE DETAILS

PRICE

$2,562,000 USD

PRICE/SF

$495 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2-Story Retail/Office

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

CR

APN/PARCEL ID

234-111-002

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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