Pollo Campero 11095 Magnolia Ave 2,470 SF Retail Building Riverside, CA 92505 $4,454,545 ($1,803.46/SF) 5.50% Cap Rate

This brand new 15 Year Absolute NNN Ground Lease Pollo Campero asset opened March 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.
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