Staples NNN Retail
6296 Magnolia Avenue, Riverside, CA 92506
For Sale
Contact for pricing
A renewed lease runs through 2037, with scheduled 7.5% increases every five years.
Property Size23,143 SF
Lot Size1.40 Acres
Price / SF$266.67
Days on Market8
Property Features for 6296 Magnolia Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Corner Location
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
CBRE - South Bay
Listed By:
Patrick Wade · License #CA 01454690
(213) 613-3071
Source:
Crexi
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 2:43PM
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 CBRE - South Bay
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding Staples store contains ±23,143 SF on a ±1.4-acre parcel. The site includes 183 parking spaces and occupies a hard corner. A new 10-year lease extension carries the tenancy through 2037, with 7.5% rent increases every five years during the primary term and option periods. Staples has operated at this location for more than 25 years.
Capital work includes a roof installed in 2025 with a 12-year warranty and replacement of all eight rooftop HVAC units. The property is on Magnolia Avenue in Riverside, near Riverside Plaza and other retail businesses.
Capital work includes a roof installed in 2025 with a 12-year warranty and replacement of all eight rooftop HVAC units. The property is on Magnolia Avenue in Riverside, near Riverside Plaza and other retail businesses.
Key Highlights
- ±23,143 SF freestanding Staples store
- ±1.4‑acre hard‑corner parcel with 183 parking spaces
- Lease extended for 10 years through 2037
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$331,726
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,634,520
$6.6M
Cap Rate 7%
$4,738,943
$4.7M
Cap Rate 9%
$3,685,844
$3.7M
Market Conditions
NOI Build-Up for 23,143 SF
Gross rent
$499.9K $21.60/SF
− Vacancy
−$26.0K −$1.12/SF
EGI
$473.9K $20.48/SF
− OpEx
−$142.2K −$6.14/SF
NOI
$331.7K $14.33/SF
Area
ZIP 92506
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 Rate 5%
$6,634,520
Cap Rate 7%
$4,738,943
Cap Rate 9%
$3,685,844
Alternative Uses
Best Use
Retail
$4.74M
$4.15M – $5.53M
NOI $331,726 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.94M
$6.95M – $9.26M
NOI $555,787 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,323
Businesses Nearby
728k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 25%
Groceries 16%
Apparel 9%
Trader Joe's
Groceries
66,234 visits/mo
0.3 miles
Regal Cinemas Riverside Plaza 16
Leisure
42,519 visits/mo
0.2 miles
Ralphs
Groceries
39,718 visits/mo
0.2 miles
Burlington
Apparel
31,702 visits/mo
0.2 miles
Chick-fil-A
Dining
28,686 visits/mo
0.3 miles
Demographics for 92506, CA
45,185
Population
15,407
Households
2.9
Avg Household Size
41
Median Age
42%
College-Educated
93%
High-School Grad
16.2 sq mi
ZIP Area
2,789
Density / Sq Mi
$120,877
Median Household Income
$51,224
Median Earnings
$1,814
Median Rent
$634,900
Median Home Value
Market
Properties on Market for NNN properties in Riverside County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
NNN property - A renewed lease runs through 2037, with scheduled 7.5% increases every five years.
Where is this nnn property located?
The property is located at 6296 Magnolia Avenue Riverside, CA.
What is the asking price?
The asking price for this property is $6,171,467.
What are key features of this property?
This property features: ±23,143 SF freestanding Staples store; ±1.4‑acre hard‑corner parcel with 183 parking spaces; Lease extended for 10 years through 2037
