4702 Riverside Dr Chino, CA 91710-3336

Property Details for 4702 Riverside Dr

Year built

1991

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.37 lot acres

Property size

1,132 SF

Property type

Gas stations

APN

1016-443-18-0000

APU

1016443180000

Description

This exceptional investment opportunity presents a fee-simple owned, 1,134 square foot United Pacific gas station and convenience store in Chino, CA. Located at 4702 Riverside Dr, 91710, this property boasts a 9.6-year remaining lease term (expiring 06/29/2034) with a strong, creditworthy tenant, United Pacific, a joint venture between subsidiaries of Phillips 66 and Fortress Investment Group, LLC. The absolute NNN lease includes a 7.50% rent increase in July 2029 and in each of three 5-year options, ensuring consistent income growth. The property features four gas pumps, seven parking spaces, and sits on a 0.37-acre lot. Built in 1991, this well-maintained property enjoys 100% occupancy and generates a substantial net operating income (NOI) of $190,000, representing a 5.75% cap rate on the $3,304,348 asking price. Benefiting from its location within a high-traffic area, this property offers significant long-term value and potential for appreciation. The property's strong tenant, established location, and lease terms make it an attractive investment for discerning buyers. The site is well-positioned within three major California markets (Los Angeles, Riverside & San Diego) with close proximity to several interstate and highway systems. The property serves a community with an average population of 222,536 and average household income of $103,841 within a 3-mile radius. The offering includes the potential benefits of bonus depreciation.

Location Insight

City

Chino

County

San Bernardino

State

California

Longitude

-117.702

Latitude

34.0192

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments