5300 Arlington Ave Riverside, CA 92504

This exceptional investment opportunity comprises two Class B strip centers in Riverside, CA, totaling 7,890 - 9,700 square feet of leasable space across 12 units. Both properties boast 100% occupancy with a diverse tenant mix including T-Mobile, Fast 5 Pizza, Mays Flowers, Party Store, Mentors, and others. The portfolio features a stabilized investment profile with a 7.11% cap rate and a strong NOI of $319,733. Built in 1983 and renovated in 2015, these properties offer a blend of established tenants and potential for value-add opportunities through annual rent bumps and future re-tenanting. Located at 5300 Arlington Ave (7,430 SF, 29+ parking stalls, 250' street frontage) and 9758 Magnolia Ave (9,700 SF, 0.71-acre lot), these properties benefit from high visibility in established trade areas. The Arlington Ave location features a QSR pad with potential for future development. The Magnolia Ave location offers controlled access parking and significant street frontage. Both properties are fee simple ownership and are suitable for a 1031 exchange. The portfolio presents a compelling investment opportunity in a thriving Riverside market. The properties are multi-tenant with a NN+ lease type. Parking is provided at a rate of 5 spaces per 1,000 square feet.