4100 Central Ave Riverside, CA 92506-2933
Property Lookup
Property profile & analytics
4100 Central Ave Riverside, CA 92506-2933
- Medical Office Space
- 17,372 SF
- 0.98 lot acres
Property ID
US09-1109524
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Allison Mark D MD / Physician
- Central Best Pharmacy / Pharmacy
- Kidney Pros / Medical Clinic
- Central Medical Clinic / Physician
- Wegrzyn Tammy R / Physician
Property Details for 4100 Central Ave
- Year built
- 1960
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.98 lot acres
- Property size
- 17,372 SF
- Zone code
- C1
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 225-202-019
- APU
- 225202019
Description
This exceptional investment opportunity presents the chance to acquire the leased fee interest (land ownership) in a brand-new Raising Cane's restaurant located at 4100 Central Ave, Riverside, CA 92506. The property boasts a 15-year absolute NNN lease with a corporate guarantee from Raising Cane's Restaurants, LLC, commencing December 1, 2024, and expiring December 1, 2039. The lease includes three 5-year and one 4-year options to extend, ensuring long-term stability. Rent increases of 10% are scheduled throughout the initial term and at the start of each option period, providing built-in inflation protection and growing net operating income (NOI). The 3,267 square foot building, constructed in 2024, sits on a 1.29-acre lot and includes 25 parking spaces. The property is zoned CG - Commercial General and features excellent visibility at a signalized intersection with high daily traffic volume (66,200 vehicles). An additional 0.31-acre parcel is included, currently used for employee parking, offering future development potential. The property's strategic location near Riverside Plaza, a major shopping center, and several universities and high schools, ensures a strong consumer base within a 5-mile radius with a population exceeding 283,100 residents and 122,600 employees, boasting an average household income of $104,129. The property's NOI is $325,000, resulting in a 4.40% cap rate and an asking price of $7,386,000 ($2,260.79 per square foot). This is a truly passive investment opportunity with zero landlord responsibilities. The property's proximity to State Highway 91 (212,000 vehicles per day) further enhances its accessibility and visibility. The APN is 225-202-019, 225-201-062.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.397
- Latitude
- 33.9532
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$41,212
$1,560,600
$2,169,234
$3,729,834
-
$0.00
$0.00
$0.00
