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3940 University Ave
Riverside, CA 92501
Retail Property For Sale
Investment Highlights
- Absolute NNN Lease- Tenant is responsible for property taxes, insurance, CAM, and all maintenance
- Rapidly Expanding Concept- According to QSR Magazine, Plant Power is the nations fastest growing plant-based fast-food chain
- LOW Rent- Tenant paying only $3.71/SF NNN, far below market for comparable drive-thru site in the trade area
- Strong Guarantee-Personally guaranteed by principals of Batta Foods ($20M net worth)
- 5% Annual Increase
- Deep investment by Tenant- Batta Foods invested an estimated $750,000 into the space prior to opening.
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,258 SF
Building Class
B
Year Built
1985
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.33 AC
Zoning
C2D - DSP-RC (Downtown Specific Plan - Raincross District)
Parking
55 Spaces (24.44 Spaces per 1,000 SF Leased)
Frontage
79’ on University Ave
Amenities
- Bus Line
- Commuter Rail
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 215-022-026 | Improvements Assessment | $1,373,328 |
| Land Assessment | $780,300 | Total Assessment | $2,153,628 |
Property Taxes
Parcel Number
215-022-026
Land Assessment
$780,300
Improvements Assessment
$1,373,328
Total Assessment
$2,153,628
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