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Investment Highlights
- LONG SITE OPERATING HISTORY - 30+ Years At Location. 4+ Years Remaining. Rent Increases Each Renewal Option
- RIVERSIDE PLAZA ACROSS THE STREET - 8.2 Million Customer Visits Yearly. Top 2% Of All Shopping Centers CA
- RIVERSIDE - 12TH LARGEST CITY IN CALIFORNIA - $34 Billion Regional Economy. $500 Million 91 & 215 Freeway Ongoing Expansion
- SURROUNDED BY 1+ MILLION SQ FT OF RETAIL - 110+ Regional & National Retailers Within 1-Mile Radius
- HIGHLY AFFLUENT MARKET - $115K Average Household Income. 3-Mile Population of 117,500
Executive Summary
TOUCHSTONE COMMERCIAL PARTNERS is pleased to present a premier investment opportunity consisting of Marie Callender’s, Market Broiler, and the adjacent parking lot on a 1.5+ acre parcel in Riverside, California. Both restaurants have operated successfully at this location for more than 35 years, demonstrating the site’s long-term viability and strong consumer draw. Each tenant operates under NNN leases with four years remaining term. Marie Callender’s has one five-year renewal option with a 10% rent increase, while Market Broiler has three five-year renewal options, each with 15% rent increases.
Marie Callender’s is an iconic West Coast casual dining and bakery brand, now part of Elite Restaurant Group, with 27 locations across the western United States. Market Broiler is a well-established Southern California seafood concept with seven locations. A central feature is the market-style counter in the lobby, where award-winning chefs prepare seafood selections to order.
The property is located directly across from Riverside Plaza, a 475,000-square-foot regional shopping center with more than 60 retailers and approximately 8.5 million annual visits. Major anchors include Vons, Regal Cinemas, and Trader Joe’s
Riverside is a major Inland Empire economic hub with a diverse base of advanced manufacturing, logistics, healthcare, education, and emerging technology employers. Major employers such as the County of Riverside, March Air Reserve Base, Kaiser Permanente, Amazon, and FedEx collectively employ more than 47,400 people, while attractions such as the Mission Inn Hotel & Spa, Mount Rubidoux Park, and California Citrus State Historic Park further enhance the market’s appeal.
Marie Callender’s is an iconic West Coast casual dining and bakery brand, now part of Elite Restaurant Group, with 27 locations across the western United States. Market Broiler is a well-established Southern California seafood concept with seven locations. A central feature is the market-style counter in the lobby, where award-winning chefs prepare seafood selections to order.
The property is located directly across from Riverside Plaza, a 475,000-square-foot regional shopping center with more than 60 retailers and approximately 8.5 million annual visits. Major anchors include Vons, Regal Cinemas, and Trader Joe’s
Riverside is a major Inland Empire economic hub with a diverse base of advanced manufacturing, logistics, healthcare, education, and emerging technology employers. Major employers such as the County of Riverside, March Air Reserve Base, Kaiser Permanente, Amazon, and FedEx collectively employ more than 47,400 people, while attractions such as the Mission Inn Hotel & Spa, Mount Rubidoux Park, and California Citrus State Historic Park further enhance the market’s appeal.
Property Facts
| Price | $6,337,000 | Status | Active |
| Price / SF | $545.68 / SF | Number of Properties | 2 |
| Sale Condition | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 6.28% | Total Building Size | 11,613 SF |
| Sale Type | Investment | Total Land Area | 1.51 AC |
| Price | $6,337,000 |
| Price / SF | $545.68 / SF |
| Sale Condition | 1031 Exchange |
| Cap Rate | 6.28% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,613 SF |
| Total Land Area | 1.51 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Marie Callender's
3505 Merrill Ave, Riverside, CA 92506 |
Retail | 5,947 SF | - | - |
| 3525 Merrill Ave, Riverside, CA 92506 | Retail | 5,666 SF | 1965 | - |
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Marie Callender’s & Market Broiler
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