11095 Magnolia Ave, Riverside, CA 92505-3046
- Retail space
- 1,638 SF
- 0.46 lot acres
Current Use by Public Records
- Retail space
Property Details for 11095 Magnolia Ave
- Year built
- 1967
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.46 lot acres
- Zone code
- C2
- Property type
- Retail space
- APN
- 142-262-012
- APU
- 142262012
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 29, 2024 | — | Psf Wst Riverside LLC | Psf Wst Riverside LLC | Intrafamily Transfer · related | — |
| Jul 24, 2023 | — | Series 9 Of Paramount Dev Fin Partn | Psf Wst Riverside LLC | Agreement Of Sale | — |
| Jul 10, 2023 | $1,585,000 | Psf Wst Riverside LLC | Elias Atallah | Grant Deed | $3.1M · Series 9 Of Paramount Development F |
| Oct 31, 2003 | — | Elias S Atallah | Atallah,jamila U | Quit Claim Deed · related | — |
| Oct 31, 2003 | $1,150,000 | Elias Atallah | Equilon Enterprises LLC | Grant Deed | $749k · Wells Fargo Bank |
| Jul 24, 1998 | $120,000 | Equilon Enterprises LLC | Texaco Refining & Marketing Ic | Grant Deed | — |
| Dec 9, 1994 | — | Rv Cy | Texaco Refining & Marketi, | Grant Deed · related | — |
Description
This exceptional investment opportunity presents a brand-new, single-tenant, 2,470 square foot Pollo Campero restaurant situated on a 0.7-acre lot in Riverside, California. The property boasts a prime location at a hard-corner intersection with high visibility and traffic counts (59,262 combined VPD on Magnolia Ave and La Sierra Ave). Built in 2024 and scheduled to open January 2025, this property features a 15-year absolute NNN ground lease with four renewal options, ensuring long-term stability. The lease includes a favorable 10% rent increase every five years, providing significant future income growth. The property benefits from excellent access to CA-91 (215,000 VPD), proximity to major shopping centers including La Sierra Plaza (72,780 SF) and Galleria at Tyler (1.1MM+ SF), and is less than 0.5 miles from Kaiser Permanente Riverside Medical Center. The surrounding area demonstrates strong demographics, with a population exceeding 132,900 and an average household income over $96,900 within a three-mile radius. The property includes 28 parking spaces and a drive-thru. With a current NOI of $245,000 and an asking price of $4,900,000, this represents a compelling 5.00% cap rate. This is a rare opportunity to acquire a high-performing, passively managed asset in a thriving retail corridor. The property's strong tenant, favorable lease terms, and prime location make it an ideal addition to any investment portfolio.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.476
- Latitude
- 33.904
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
