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2-Story Retail/Office 9590 Magnolia Ave 5,350 SF 81% Leased Retail Building Riverside, CA 92503 $2,847,322 CAD ($532.21 CAD/SF) 6.75% Cap Rate
Investment Highlights
- 100% Leased | 4-Tenant, Two-Story Retail/Office Property
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
- Prime Retail Corridor | High-Profile Riverside Location
- Direct Consumer Base (Colleges & Hospitals)
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,350 SF
Building Class
C
Year Built
1983
Price
$2,847,322 CAD
Price Per SF
$532.21 CAD
Cap Rate
6.75%
NOI
$192,153 CAD
Percent Leased
81%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.61
Lot Size
0.20 AC
Zoning
CR - Commercial Retail
Parking
10 Spaces (1.87 Spaces per 1,000 SF Leased)
Frontage
103’ on Magnolia Ave
Amenities
- Bus Line
- Dedicated Turn Lane
- Signage
- Signalized Intersection
- Balcony
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- We Do DMV
- -
- -
-
$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| We Do DMV | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Excellent location with great visibility and signage on Magnolia street.
| Space | Size | Space Use | Position | Available |
| B | 1,000 SF | Retail | - | Now |
B
| Size |
| 1,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
B
| Size | 1,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Excellent location with great visibility and signage on Magnolia street.
Moderately walkable
60/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 234-111-002 | Improvements Assessment | $789,598 CAD |
| Land Assessment | $338,399 CAD | Total Assessment | $1,127,998 CAD |
Property Taxes
Parcel Number
234-111-002
Land Assessment
$338,399 CAD
Improvements Assessment
$789,598 CAD
Total Assessment
$1,127,998 CAD
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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2-Story Retail/Office | 9590 Magnolia Ave
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