9604 Magnolia Ave - Fast Food FOR SALE


Riverside, CA 92503- Arlington
$2,975,000 USD
480-221-4221
9604 Magnolia Ave, Riverside, CA for Sale
$2,975,000 USD
Fast Food - FOR SALE
1/9
null | 4% Cap Rate

9604 Magnolia Ave
Riverside, CA 92503
Arlington


HIGHLIGHTS

  • New Construction | Corporate Guaranteed | 15-Year Ground Lease | 10% Increases Every 5 Years
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Prime Retail Corridor | High-Profile Riverside Location
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes |Strong Institutional Anchors

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire a leased fee (land ownership) in an absolute NNN leased, corporate guaranteed, Dutch Bros Coffee investment property located in Riverside, California. The tenant, BB Holdings CA, LLC recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,975,000 USD

PRICE/SF

$3,132 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Dutch Bros | New 15yr Corp Abs NNN Grd Lse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

CG

APN/PARCEL ID

234-102-033

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.