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Property profile & analytics
OFF-MARKET Estimated value $960,000
Drive through restaurants

3640 Central Ave Riverside, CA 92506-5902

4,805 SF 0.75 ac lot Built 2019
Entity Owned 8-yr Hold Free & Clear
Property ID
US09-2843089
Property summary
AI-generated overview

This exceptional investment opportunity presents a 4,500-square-foot Chick-fil-A restaurant located at 3640 Central Ave, Riverside, CA 92506. The property boasts a 15-year absolute NNN lease with a credit-rated tenant, Chick-fil-A, commencing September 1, 2018, and expiring August 31, 2033. With approximately 8.8 years remaining on the lease term, this investment offers significant long-term stability and predictable cash flow. The property sits on a 0.75-acre lot and was built in 2018. The annual net operating income (NOI) is $181,500, resulting in a compelling 4.25% cap rate and a price per square foot of $948.89. The property benefits from its high-visibility location on Central Avenue, a major thoroughfare with over 32,200 cars daily, and convenient access to the 91 Freeway (over 89,800 cars daily). This single-tenant, ground-leased property offers a secure investment with a nationally recognized tenant and a strong track record of performance. The property's APN is 225-242-051. This is a rare opportunity to acquire a well-performing Chick-fil-A in a prime Southern California location. The low rent and small price point fundamentals create a secure income stream.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2019
Construction WOOD
Total area 4,805 SF
Lot 0.75 ac (32,670 SF)
Zoning code C2
APN 225-242-051
UPID US09-2843089
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • ALL USMold Inspection Riverside CA Home Help Water Damage Restoration Service
  • Chick-fil-A Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$730k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$960k
Owner & transaction history
B H 3640 Central Avenue LLC · 8 yrs held
B H 3640 Central Avenue LLC
since 2018
7 recorded transactions
2018
Price N/A
2018
Price N/A
2017
Price N/A
2016
Price N/A
2003
Price N/A
1999
Price N/A
1996
$5.3M
Zoning & alternative use
C2 · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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