Property profile

3640 Central Ave Riverside, CA 92506

OFF-MARKET
Drive through restaurants
Property ID
US09-2843089
4,805 SF 0.75 ac lot Built 2019
Entity Owned 8-yr Hold Free & Clear
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Home Help Water Damage Restoration Service
  • Restaurant Take-out & Catering

Location

3640 Central Ave Riverside, CA 92506-5902
Riverside metro Census 31100 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

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

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3640 Central Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message