10920 Magnolia AveRiverside, CA 92505

This exceptional investment opportunity presents a 9,600 square foot, single-story, multi-tenant retail building in Riverside, CA. Located at the highly visible southwest corner of Magnolia Avenue and Park Sierra Drive, this Class B property boasts a 100% occupancy rate with five high-quality tenants: Subway, Blaze Pizza, California Fish Grill, BurgerIM, and ShareTea. Built in 2019, the property features 77 parking spaces on a 1.33-acre lot and benefits from a strong NOI of $451,993, resulting in a 5.25% cap rate. The asking price is $8,628,000. The property is zoned CG and has a total of five units. Its prime location across from Kaiser Permanente Regional Medical Center, near UC Riverside, and other colleges, ensures high foot traffic and a strong customer base. The property's strategic placement within the Park Sierra Shopping Center, alongside established businesses like Walgreens, LA Fitness, McDonald's, and Raising Cane's, further enhances its appeal. A pending lease for a 50,000 square foot grocery store in an adjacent building promises to increase the property's value and draw even more customers. This is a rare opportunity to acquire a well-performing, multi-tenant retail property in a thriving Riverside location. The property's strong tenant mix, high occupancy, and excellent location make it an attractive investment for discerning buyers. The APN is 138-470-037. A potential $3,650,000 loan may be assumable.