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7460 Mission Grove Pky 1,840 SF Retail Building Riverside, CA 92508 $2,825,000 ($1,535.33/SF)
INVESTMENT HIGHLIGHTS
- Single-tenant Wienerschnitzel drive-thru in Riverside
- Approximately nine years remaining on lease term
- Strong demographics and high-traffic corridor
- Absolute NNN lease with zero landlord responsibility
- Located in affluent Mission Grove community
EXECUTIVE SUMMARY
This single-tenant retail investment offers a prime opportunity in the affluent Mission Grove area of Riverside. The property is a free-standing Wienerschnitzel drive-thru QSR, strategically positioned on Mission Grove Parkway, a high-traffic corridor serving a growing residential and commercial community. Built in 2004, the building spans 1,840 SF on a 0.64-acre parcel, providing excellent visibility and accessibility.
The asset features an absolute NNN lease with approximately nine years remaining, ensuring predictable cash flow and zero landlord responsibilities. Scheduled rent increases further enhance long-term returns. The surrounding demographics are strong, with high household incomes and steady population growth, making this location ideal for sustained tenant performance. Investors will appreciate the stability of a nationally recognized brand and the simplicity of fee simple ownership.
This property is well-suited for buyers seeking a passive income stream with minimal management obligations in a thriving Southern California market.
The asset features an absolute NNN lease with approximately nine years remaining, ensuring predictable cash flow and zero landlord responsibilities. Scheduled rent increases further enhance long-term returns. The surrounding demographics are strong, with high household incomes and steady population growth, making this location ideal for sustained tenant performance. Investors will appreciate the stability of a nationally recognized brand and the simplicity of fee simple ownership.
This property is well-suited for buyers seeking a passive income stream with minimal management obligations in a thriving Southern California market.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,840 SF
Building Class
C
Year Built
2004
Price
$2,825,000
Price Per SF
$1,535.33
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.64 AC
Zoning
CR - commercial retail
Parking
20 Spaces (10.87 Spaces per 1,000 SF Leased)
Frontage
64’ on Mission Grove Pky
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 276-370-020 | Improvements Assessment | $658,039 |
| Land Assessment | $776,161 | Total Assessment | $1,434,200 |
PROPERTY TAXES
Parcel Number
276-370-020
Land Assessment
$776,161
Improvements Assessment
$658,039
Total Assessment
$1,434,200
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7460 Mission Grove Pky
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