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9781-9799 Magnolia Ave 12,000 SF 100% Leased Retail Building Riverside, CA 92503 $7,796,998 CAD ($649.75 CAD/SF) 6% Cap Rate
Investment Highlights
- High Visibility
- Near major commercial retailers (Lowe's, O'Reilly Auto Parts, Dollar Tree, Papa John's and Panda Express) at nearby Lowe's Center
- High Tra?c on Magnolia Avenue
- Abundant Parking (5.6/1000 parking ratio)
Executive Summary
SVN is proud to present a rare opportunity to acquire a highly visible, fretail shopping center located at the northwest corner of Magnolia Ave. & Harrison St. in Riverside, California. The property offers a durable, service-based tenant mix, including two restaurants, a dental practice, a thrift store, and Speedy Cash, creating a diversified rent roll anchored by necessity-based and recession-resilient uses.
Positioned along one of Riverside’s established retail corridors, the property benefits from excellent street exposure, prominent monument signage, and an abundant parking ratio of approximately 5.6 spaces per 1,000 square feet. The center is located directly across from strong national retailers, including Lowe’s, Dollar Tree, O’Reilly Auto Parts, U.S. Bank, Papa Johns, & Panda Express, helping drive consumer activity to the immediate area.
Positioned along one of Riverside’s established retail corridors, the property benefits from excellent street exposure, prominent monument signage, and an abundant parking ratio of approximately 5.6 spaces per 1,000 square feet. The center is located directly across from strong national retailers, including Lowe’s, Dollar Tree, O’Reilly Auto Parts, U.S. Bank, Papa Johns, & Panda Express, helping drive consumer activity to the immediate area.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,000 SF
Building Class
C
Year Built
1981
Price
$7,796,998 CAD
Price Per SF
$649.75 CAD
Cap Rate
6%
NOI
$468,039 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.89 AC
Zoning
N/Av
Parking
67 Spaces (5.58 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
Moderately walkable
60/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 145-280-047 | Improvements Assessment | $1,551,768 CAD |
| Land Assessment | $800,743 CAD | Total Assessment | $2,352,511 CAD |
Property Taxes
Parcel Number
145-280-047
Land Assessment
$800,743 CAD
Improvements Assessment
$1,551,768 CAD
Total Assessment
$2,352,511 CAD
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9781-9799 Magnolia Ave
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