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3525 Merrill Ave
Riverside, CA 92506 Magnolia Center

$3,991,818 USD

Restaurant For Sale  •  5,666 SF

Property Details

• Property Type Restaurant
• Total Building Size 5,666 SF
• Lot Size 1.03 AC
• Building Class B
• Year Built 1965
• Cap Rate 5.50 %
• Tenancy Single

41 Transit Score

82 Walk Score

Highlights

LONG SITE OPERATING HISTORY - 30+ Years At Location. 4.7+ Years Remaining. 15% Rent Increase Each Renewal Option

SURROUNDED BY 1+ MILLION SQ FT OF RETAIL - 110+ Regional & National Retailers Within 1-Mile Radius

RIVERSIDE PLAZA ACROSS THE STREETS - 8.2 Million Customer Visits Yearly. Top 2% Of All Shopping Centers CA

HIGHLY AFFLUENT MARKET - $115K Average Household Income. 3-Mile Population Of 117,500

RIVERSIDE – 12TH LARGEST CITY IN CALIFORNIA - $34 Billion Regional Economy. $500 Million 91 & 215 Freeway Ongoing Expansion

Cap Rate:

5.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Market Broiler

Public Transportation

Commuter Rail	Drive	Walk	Distance
Riverside-Downtown (91 Line - Southern California Regional Rail Authority (Metrolink), Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink))	6 min	-	2.7 mi
	8 min	-	5.6 mi
Airport	Drive	Walk	Distance
Ontario International	26 min	-	15.7 mi
John Wayne/Orange County	49 min	-	40.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes