9571 Magnolia Ave
Riverside, CA 92503
100% Occupied Multi-Tenant Retail Center · Retail Property For Sale

100% OCCUPIED MULTI-TENANT RETAIL CENTER • The subject property is leased to 3 retail service tenants with staggered lease expirations • Internet-Proof Service Tenants including Body Massage, Water Island Foot Body Massage and Threshold Fitness • The property is being offered below replacement cost at $178/SF PREDICTABLE CASH FLOW WITH UPSIDE POTENTIAL • Strong hedge against inflation with a fixed 3% increase annually for all tenants during the primary terms and option periods • Future upside due to below-market rents HIGH TRAFFIC LOCATION • The subject property is located in a dense, infill area • The on/off ramp access with the 91 Freeway at Van Buren Blvd provides easy access to the subject property and surrounding areas • A New Youth Innovation Center is under construction directly across the street ( Opening May 2019) RETAIL SYNERGY • The subject property benefits from adjacent national/regional tenants including Sonic drive-thru restaurant, 7-Eleven, Wienerschnitzel, Pizza Hut, 99 Cents Only, Lowe’s, O’Reilly Auto Parts, Jamba Juice, Panda Express, Cold Stone Creamery, Popeye’s Chicken, Family Dollar, Stater Bros and more. STRONG DEMOGRAPHICS • Trade area includes University of CA at Riverside (24,000 students), Cal Baptist University (9,000 students) and La Sierra University (2,500 students) substantially increasing the 24 hour population in the region.