11095 Magnolia Ave, Riverside, CA 92505
2,470 SF | Retail Building | Riverside, CA 92505 | $4,900,000 ($1,984/SF) | 5% Cap Rate
For Sale
Active
Asking Price $4,900,000
- Property Type
-
Retail
- Square Feet
- 2,470 SF
- Price / Square Foot
- $1,984
Listing Contacts
Ryan Gomez
Property Overview
This brand new 15 Year Absolute NNN Ground Lease Pollo Campero asset is scheduled to open January 2025. The subject property is ideally situated at a hard corner traffic light intersection of Magnolia Ave and La Sierra Ave with 59,262 combined VPD. The newly constructed site is strategically placed in a dense residential area within a 1 mile radius and has immediate access to CA-91, a state freeway with 215,000 VPD. Pollo Campero is nearby several shopping centers in a strong retail corridor and directly across from La Sierra Plaza, a 72,780 SF shopping center with national and local retailers. The site is less than 0.5 miles from Kaiser Permanente Riverside Medical Center and less than 1 mile from Galleria at Tyler, a 1.1MM+ SF shopping mall with 180+ retailers and over 4.3MM annual visits, per Placer.ai. There are several hotels in the area with nearly 590 rooms combined in a 2 mile radius.
The subject property has affluent demographics with a population of 132,900+ and avg HHI of $96,900+ in a 3 mile radius. The lease offers with four renewal options and 10% rent increases every 5 years.
Watch Property Video: https://vimeo.com/995783858?share=copy
The subject property has affluent demographics with a population of 132,900+ and avg HHI of $96,900+ in a 3 mile radius. The lease offers with four renewal options and 10% rent increases every 5 years.
Watch Property Video: https://vimeo.com/995783858?share=copy
Property Details
- Class
- B
- Year Built
- 2025
- Stories
- 1
- Lot Size (sq. ft)
- 30,492 SF
Highlights
- 0.7 Acres with Ample Parking and Drive-Thru
- Brand New Construction, Tenant Scheduled for January 2025 Opening
- New 15 Year Absolute NNN Ground Lease with 10% Increases Every 5 Years and Four Renewal Options
- Excellent Visibility, Access, and Frontage in a Strong Retail Corridor
- Affluent Demographics with a Population of 132,900+ and Avg HHI of $96,900+ in 3 Mile Radius
- Dominant Infill Location just off CA-91
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