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6320 Mission Blvd
Riverside, CA 92509
Wendy's | New 20yr NNN | QSR DriveThru · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 20 Year Lease | New Mission Village Center Development
- Signalized, Hard Corner Intersection (33,400 VPD) | Accessible via State Hwy 60 (173,000 VPD) | Retail Corridor
- NNN | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area |Residential Development
EXECUTIVE SUMMARY
• The tenant recently signed a new 20 year lease with 2 (5-year) and 1 (4-year and 11-months) option to extend, demonstrating commitment to the site
• The tenant, and its affiliates, currently operate 45 Wendy’s and 33 Del Taco locations situated throughout Southern California and Florida
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option, providing a hedge against inflation
• The subject property will benefit tremendously from its position as an outparcel to the new Mission Village Shopping Center development, which is anchored by Planet Fitness and Grocery Outlet and will feature other national tenants including Starbucks, Quick Quack Car Wash, Dollar Tree, and more
• The center development will also feature Tesla Charging Stations and a Bank of America ATM, providing further consumer-friendly amenities
• Wendy’s is anticipated to open in February
• The tenant, and its affiliates, currently operate 45 Wendy’s and 33 Del Taco locations situated throughout Southern California and Florida
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option, providing a hedge against inflation
• The subject property will benefit tremendously from its position as an outparcel to the new Mission Village Shopping Center development, which is anchored by Planet Fitness and Grocery Outlet and will feature other national tenants including Starbucks, Quick Quack Car Wash, Dollar Tree, and more
• The center development will also feature Tesla Charging Stations and a Bank of America ATM, providing further consumer-friendly amenities
• Wendy’s is anticipated to open in February
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,600 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$3,789,000
Price Per SF
$1,457.31
Cap Rate
4.75%
NOI
$180,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.80 AC
Zoning
C1/CP - Commercial
AMENITIES
- Restaurant
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,748,441 | |
| Land Assessment | $2,438,756 | Total Assessment | $4,187,197 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,438,756
Improvements Assessment
$1,748,441
Total Assessment
$4,187,197
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