3535 Tyler St
Riverside, CA 92503
Ground Lease Pad to Galleria at Tyler Mall · Retail Property For Sale

NNN Ground Lease Pad to Galleria at Tyler Mall: •20 years remaining including all option terms (current term expires in 2023) •Three 5-year options to renew at 10% increases (next option 2023) •33% scheduled rental growth with incredible upside at end of term •Below market rent of $1.52 per square foot per month (based on building SF) •Improvements revert to ground owner at end of term in 2038 •Rare opportunity to purchase freestanding pad to regional mall •Completely remodeled in 2014 •One of the best retail locations in Riverside County •No management responsibility Pad to 1.2 Million SF Galleria at Tyler Mall: The most prominent regional mall in Riverside County, serving more than 2.35 million people as the retail, dining and entertainment hub anchored by Nordstrom, Macy’s, JC Penney, Forever 21, AMC Theatres, Buffalo Wild Wings, Cheesecake Factory, PF Chang’s, Red Robin, TGI Friday’s, and Yard House. Most Prominent Pad Site at the Main Signalized Entrance: Excellent visibility and access situated at the main signalized entrance to the Galleria at Tyler Mall in front of anchor tenants Macy’s and Nordstrom. High Traffic Location at the 91 Freeway at Tyler Street Exit: Located adjacent to the 91 freeway on/off ramp with average daily traffic counts of 200,000 cars per day at the Tyler Street Exit Regional Retail Destination with Excellent Demographics: Approximately 260,000 people and average household income of approximately $78,000 within a 5-mile radius High Density Retail Trade Area: Over 2.5 million SF of retail space within a 1-mile radius including the following notable tenants: Bed Bath & Beyond, Best Buy, Big 5 Sporting Goods, Big Lots, Burlington Coat Factory, David’s Bridal, Dollar Tree, Lamps Plus, Lowe’s, Michaels, Office Depot, Pier 1 Imports, Ross Dress for Less, Staples, Target, and Toys “R” Us Four Nearby Colleges with Expanding Population of over 60,000 students: Riverside is home to four internationally recognized colleges and universities with an expanding population of over 60,000 students. Rapidly Growing Economy; #2 in the US for Job Growth: Riverside County was ranked #2 in the US for job growth, only behind San Francisco per recent census data. Riverside County has a population of over 2.35 million people, making it the 10th largest county in the US.