Four-Unit Multi-Tenant Shopping
For Sale
Contact for pricing
Pending
9590 Magnolia Ave, Riverside, CA 92503
Fully occupied retail center with service-oriented tenants and a recently refreshed exterior.
Property SizeContact for details
Days on Market140
Property Features for 9590 Magnolia Ave
General Information
Standard status
Pending
Property subtype
Retail
Occupancy
100%
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Progressive Real Estate Partners
(909) 230-4500
Listed By:
Greg Bedell · License #CA 01942970
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: Aug 30 at 3:45AM
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 Progressive Real Estate Partners
Investment Insights
Based on property information with market context.
This multi-tenant shopping center contains four retail units and is currently 100% occupied. The tenant mix includes fitness, tax, security, and real estate services, creating a service-focused retail environment. Exterior improvements were completed recently, including updated paint.
The property is positioned along Magnolia Avenue in Riverside, California, with an adjacent brand new Dutch Bros Coffee. The surrounding area includes more than 200,000 daytime employees, residents, and students within a 3-mile radius. Existing leases provide 3% annual rental increases, supporting scheduled rent growth within the current tenancy.
The property is positioned along Magnolia Avenue in Riverside, California, with an adjacent brand new Dutch Bros Coffee. The surrounding area includes more than 200,000 daytime employees, residents, and students within a 3-mile radius. Existing leases provide 3% annual rental increases, supporting scheduled rent growth within the current tenancy.
Key Highlights
- Four‑unit, multi‑tenant retail building with 100% occupancy
- Service‑oriented tenant mix includes fitness, tax, security, and real estate services
- Existing leases include 3% annual rental increases
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,455
Businesses Nearby
241k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 28%
Home Improvements & Furnishings 22%
In-N-Out Burger
Dining
60,647 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
53,528 visits/mo
0.3 miles
SONIC Drive In
Dining
26,709 visits/mo
0.2 miles
Panda Express
Dining
11,381 visits/mo
0.3 miles
ARCO
Shops & Services
11,039 visits/mo
0.4 miles
Demographics for 92503, CA
90,011
Population
25,802
Households
3.5
Avg Household Size
35
Median Age
21%
College-Educated
81%
High-School Grad
34.3 sq mi
ZIP Area
2,624
Density / Sq Mi
$91,523
Median Household Income
$42,150
Median Earnings
$1,801
Median Rent
$556,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Tyler Plaza — 10370 Hemet St, Riverside, CA 92503
- Magnolia Tyler Shopping Center — 3700 Tyler St, Riverside, CA 92503
- Tienda — 1259 Tyler St, Riverside, CA 92503
- Galleria at Tyler — 1299 Galleria at Tyler, Riverside, CA 92503
- Sunglass Hut at Macy's — 3500 Tyler Mall, Riverside, CA 92503
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail center with service-oriented tenants and a recently refreshed exterior.
Where is this shopping center located?
The property is located at 9590 Magnolia Ave Riverside, CA.
What are key features of this property?
This property features: Four‑unit, multi‑tenant retail building with 100% occupancy; Service‑oriented tenant mix includes fitness, tax, security, and real estate services; Existing leases include 3% annual rental increases
