Single-Tenant Retail NNN
For Sale
$3,695,000
1710 Main Street, Riverside, CA 92501
Freestanding Family Dollar NNN retail building on a corner with ample parking and a loading area.
Property Size8,259 SF
Days on Market37
Property Features for 1710 Main Street
General Information
Standard status
Active
Size
8,259 SF
Property subtype
Retail
Building Details
Building Size
8,259 SF
Year Built
1979
Listing Agency:
Pinnacle Real Estate Group
(909) 861-1380
Listed By:
Nancy Liu · License #01974871
Source:
Velocityrealtysd
Added: Jul 24
Changed: Aug 28
Last Checked: Aug 29 at 2:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pinnacle Real Estate Group
Investment Insights
Based on property information with market context.
This freestanding, single-tenant retail building is leased to Family Dollar under an NNN structure. The lease originally commenced in 2012, and the tenant is currently exercising a 5-year renewal option. Tenant responsibilities include property taxes, insurance, HVAC replacement, and most maintenance, limiting day-to-day landlord involvement. The building is described as well-maintained and is supported by onsite parking and a designated loading area.
The property is located at a highly visible corner in Riverside and is positioned for convenient customer access based on the provided remarks.
From a practical occupancy standpoint, the offering is centered on a long-term Family Dollar tenant with the ongoing renewal in place, supported by NNN terms and a maintenance structure allocated primarily to the tenant.
The property is located at a highly visible corner in Riverside and is positioned for convenient customer access based on the provided remarks.
From a practical occupancy standpoint, the offering is centered on a long-term Family Dollar tenant with the ongoing renewal in place, supported by NNN terms and a maintenance structure allocated primarily to the tenant.
Key Highlights
- 1979‑built, freestanding single‑tenant Family Dollar NNN retail building on a highly visible corner
- Long‑term Family Dollar tenant: original lease began in 2012 and the tenant is exercising a 5‑year renewal option
- Tenant pays property taxes and insurance, plus HVAC replacement and most maintenance responsibilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$118,383
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,367,660
$2.4M
Cap Rate 7%
$1,691,186
$1.7M
Cap Rate 9%
$1,315,367
$1.3M
Market Conditions
NOI Build-Up for 8,259 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$178.4K $21.60/SF
− Vacancy
−$9.3K −$1.12/SF
EGI
$169.1K $20.48/SF
− OpEx
−$50.7K −$6.14/SF
NOI
$118.4K $14.33/SF
Area
Riverside, CA
Vacancy
5.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,367,660
Cap Rate 7%
$1,691,186
Cap Rate 9%
$1,315,367
Alternative Uses
Best Use
Retail
$1.69M
$1.48M – $1.97M
NOI $118,383 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.83M
$2.48M – $3.31M
NOI $198,343 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
82k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 14%
ARCO
Shops & Services
26,814 visits/mo
0.3 miles
76
Shops & Services
13,583 visits/mo
0.4 miles
Baker's Drive Thru
Dining
11,186 visits/mo
0.3 miles
AMPM
Shops & Services
11,164 visits/mo
0.3 miles
Family Dollar
Shops & Services
9,574 visits/mo
0.0 miles
Demographics for 92501, CA
22,017
Population
7,488
Households
2.9
Avg Household Size
35
Median Age
18%
College-Educated
81%
High-School Grad
5.6 sq mi
ZIP Area
3,932
Density / Sq Mi
$83,027
Median Household Income
$41,780
Median Earnings
$1,615
Median Rent
$466,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding Family Dollar NNN retail building on a corner with ample parking and a loading area.
Where is this nnn property located?
The property is located at 1710 Main Street Riverside, CA.
What is the asking price?
The asking price for this property is $3,695,000.
What are key features of this property?
This property features: 1979‑built, freestanding single‑tenant Family Dollar NNN retail building on a highly visible corner; Long‑term Family Dollar tenant: original lease began in 2012 and the tenant is exercising a 5‑year renewal option; Tenant pays property taxes and insurance, plus HVAC replacement and most maintenance responsibilities
