3550 Madison St
Riverside, CA 92504
New Grocery Outlet NNN | 15-Yr Lse · Retail Property For Sale

Grocery Outlet is part of a larger shopping center known as Madison Plaza situated at the signalized intersection of Madison Street (22,200 VPD) and Garden Street. The center also features direct on/off ramp access to the adjacent Riverside Freeway/State Highway 90 (168,000 VPD), an extremely busy thoroughfare connecting much of Inland Empire to the coastal SoCal regions of LA and Orange County. Madison Plaza is anchored by a 24 Hour Fitness (now open with strong membership numbers) and the subject property, with pad sites that include a newly constructed Starbucks, a Denny’s and a Circle K/Exxon Mobil gas station. The center features inline shop spaces between the two anchors that is currently under construction and will feature quality tenants. The property is within close proximity to other national/credit tenants such as Home Depot, Ross Dress for Less, Dollar Tree, Smart & Final Extra!, Big Lots, In-N-Out Burger, and more, promoting crossover shopping to Madison Plaza. Just a mile south of the property is the Riverside Auto Strip Mall which includes over a dozen car dealerships including brands such as BMW, Audi, Lexus, Mercedes, Cadillac, Ford, and more, further increasing consumer traffic to the area. The California Baptist University with over 9,900 students is a mile east, providing Grocery Outlet a direct consumer base from which to draw. The 5-mile trade area is supported by a dense population of approximately 284,000 with an average household income of $83,000.