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Available For Sale - Retail

2,911 SF

AVAILABILITY DETAILS

Size
2,911 SF
Price/SF
N/A - Contact for Info
Listing ID
SA527060
Notes
6 YEARS REMAINING ON LEASE WITH THREE REMAINING OPTIONS

THROUGH 2044 WITH FIXED 10% INCREASES.

National Brand QSR Carl’s Jr in this location since 1973 with a demolition and

new build in 2014 for Classic Star 4 Wall Protoype and Green Burrito addition.





INVESTMENT HIGHLIGHTS:

ABOUT THE INVESTMENT

• Approximately 6 Years Remaining on the Triple-Net (NNN) Lease

• Three, Five (5) Year Tenant Renewal Options at Fixed 10% Increases

• Operating at this site since 1970’s

ABOUT THE LOCATION

• Nearby Retailers include The Salvation Army, Target, Macy’s KFC,

Yard House, Buffalo Wild Wings, Robbins Brothers, AMC Theaters,

Firestone, McDonalds, 99 Cents Only Stores, O’Reilly Auto Parts,

Dickies & More

• Two blocks from Galleria at Tyler Shopping Mall

• Less than four miles from Providence Medical Center (349-beds)

• Strong Traffic Counts | 15,721+ Vehicles Per Day

INVESTMENT SUMMARY

Cushman & Wakefield is pleased to present a free-standing Carl’s Jr

located at 10010 Magnolia Ave, Riverside, CA 92503. The property was

rebuilt to include the new prototype including Green Burrito in 2014

and consists of approximately 2,911 rentable square feet on roughly

0.53 acres of land.

The subject property is subject to an absolute triple-net (NNN) lease

that has approximately 6 Years remaining on the lease. The tenant

currently pays $113,906 in rent which is scheduled to increase by 12.5%

in 2024 and 10% every 5 years t
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Joseph Lising, Cushman & Wakefield