3375 Iowa Ave
Riverside, CA 92507
University Heights at UC Riverside · Retail Property For Sale

Value-Add Opportunity at UC Riverside - Now 100% Occupied - Current Cap Rate of 6.75% With Substantial Upside to 7.58% Pro Forma Cap Rate by Converting Gross Leases to NNN - Low Price Per Square Foot - Owner has Made Substantial Capital Improvements to the Shopping Center Including New Paint, Parking Lot Improvements, and Tenant Sign Improvements - Exceptional Retail Location at the University of California, Riverside - Just Two Minutes from the University of California, Riverside which has Over 23,200 Students - Just Off the 215 Freeway (157,000+ Cars Per Day) - Over 1,600 Apartment & Student Living Units are Located ½ a mile from the Subject Property - Signalized Corner Location with a Combined Traffic Count of 41,050+ Cars Per Day - Close Proximity to the Areas Major Schools - 44,000+ Students are Located in this Submarket Providing a Long Term Stable Flow of Consumers - Across the Street From a Stater Bros. Anchored Center Whose Tenant Include, Jack in the Box, Duke’s Bar & Grill, and Farmer Boys - Excellent Visibility with 500 Feet of Frontage on Iowa Avenue - Dense Infill Area – 205,000 People Within a Five-Mile Radius - Excellent Ingress and Egress with 4 Points of Entry - Riverside is the Most Populous City in the Inland Empire