Property summary
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
VerifiedCap rate & NOI
Current use
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Home Help Water Damage Restoration Service
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Restaurant Take-out & Catering
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C2 · Riverside, CAZoning
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