5300 Arlington AveRiverside, CA 92504

Property Details for 5300 Arlington Ave

Year built

1981

Construction

TILT-UP CONCRETE

Lot size

0.45 AC

Property size (Sq ft)

7,430 SF

Zone code

C3

Property type

Retail properties

Property subtype

Retail space

APN

227-100-036

APU

227100036

Description

This exceptional investment opportunity comprises two Class B strip centers in Riverside, CA, totaling 7,890 - 9,700 square feet of leasable space across 12 units. Both properties boast 100% occupancy with a diverse tenant mix including T-Mobile, Fast 5 Pizza, Mays Flowers, Party Store, Mentors, and others. The portfolio features a stabilized investment profile with a 7.11% cap rate and a strong NOI of $319,733. Built in 1983 and renovated in 2015, these properties offer a blend of established tenants and potential for value-add opportunities through annual rent bumps and future re-tenanting. Located at 5300 Arlington Ave (7,430 SF, 29+ parking stalls, 250' street frontage) and 9758 Magnolia Ave (9,700 SF, 0.71-acre lot), these properties benefit from high visibility in established trade areas. The Arlington Ave location features a QSR pad with potential for future development. The Magnolia Ave location offers controlled access parking and significant street frontage. Both properties are fee simple ownership and are suitable for a 1031 exchange. The portfolio presents a compelling investment opportunity in a thriving Riverside market. The properties are multi-tenant with a NN+ lease type. Parking is provided at a rate of 5 spaces per 1,000 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $3,001,835

  6.5%

  $2,770,924

  7%

  $2,573,001

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,284,541

  Geo Method

  $6,590,146

• Alternative Use

  Use

  Valuation

  Residential

  $2,337,378

  Hospitality

  $2,141,026

  Educational

  $1,781,308

  Medical

  $1,842,570

  Retail

  $2,770,924

Location Insight

City

Riverside

County

Riverside

State

California

Latitude

33.9457

Longitude

-117.419

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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