Multi-Tenant Restaurant and
3525 Merrill Ave Riverside, CA 92506
3525 Merrill Ave, Riverside, CA, 92506
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For Sale
Contact for pricing
Investment includes two operating restaurants under NNN leases plus an adjacent parking lot on a 1.5+ acre parcel.
Property Size11,613 SF
Lot Size1.50 Acres
Price / SF$545.68
Days on Market100
Property Features for 3525 Merrill Ave
General Information
- Standard status
- Active
- Size
- 11,613 SF
- Lot size
- 1.50 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1965
Listing agency
Touchstone Commercial Partners
Listed by
Andrew Vu · License #01982366
Source
Crexi
Added: Apr 14 Updated: Jul 22 at 7:25AM Checked: Jul 22 at 7:25AM
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 Touchstone Commercial Partners
Investment Insights
Based on property information with market context.
This offering consists of Marie Callender’s and Market Broiler, along with an adjacent parking lot on a 1.5+ acre parcel. Both restaurants have operated successfully at the location for more than 35 years, and each tenant operates under NNN leases with four years remaining term.
The property is positioned directly across from Riverside Plaza, a major retail center with 475,000 SF and 60+ retailers drawing 8.5 million visits annually. Riverside Plaza’s anchored tenants include Vons Supermarket, Regal Cinemas, and Trader Joe’s.
The list includes the two restaurant brands currently in place at the site and the parking lot supporting the property’s operations. Please refer to the offering materials for a 360° aerial view of the property.
The property is positioned directly across from Riverside Plaza, a major retail center with 475,000 SF and 60+ retailers drawing 8.5 million visits annually. Riverside Plaza’s anchored tenants include Vons Supermarket, Regal Cinemas, and Trader Joe’s.
The list includes the two restaurant brands currently in place at the site and the parking lot supporting the property’s operations. Please refer to the offering materials for a 360° aerial view of the property.
Key Highlights
- Two operating restaurants (Marie Callender’s and Market Broiler) plus an adjacent parking lot on a 1.5+ acre parcel in Riverside, CA
- Both tenants operate under NNN leases with four years remaining term
- Restaurants have operated at this location for more than 35 years
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $264.8k | $22.80 |
| − Vacancy | −$11.9k | −$1.03 |
| EGI | $252.9k | $21.77 |
| − OpEx | −$63.2k | −$5.44 |
| NOI | $189.6k | $16.33 |
11,613 SF · lease $22.80/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.71M
$2.37M – $3.16M
NOI $189,646 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.98M
$3.49M – $4.65M
NOI $278,890 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Market Broiler Riverside
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Investment includes two operating restaurants under NNN leases plus an adjacent parking lot on a 1.5+ acre parcel.
Where is this conventional restaurant located?
The property is located at 3525 Merrill Ave Riverside, CA.
What is the asking price?
The asking price for this property is $6,337,000.
What are key features of this property?
This property features: Two operating restaurants (Marie Callender’s and Market Broiler) plus an adjacent parking lot on a 1.5+ acre parcel in Riverside, CA; Both tenants operate under NNN leases with four years remaining term; Restaurants have operated at this location for more than 35 years
