3912 Merrill Ave Riverside, CA 92506

This exceptional investment opportunity presents a 3,060-square-foot convenience store located at 3912 Merrill Ave, Riverside, CA 92506. The property, built in 1958 and extensively renovated in 2022, boasts a single-story wood-frame building on a 7,840-square-foot lot. Currently operating as a 100% occupied retail space with a modified lease expiring January 31, 2026, the property offers a remaining lease term of one year. The current lease is significantly below market rate, presenting a substantial opportunity for increased rental income. The property features nine parking spaces and is zoned CG Commercial General. With a Net Operating Income (NOI) of $47,000 and an asking price of $999,888, this property offers a compelling 4.70% cap rate. The property is ideal for owner-users seeking a profitable retail location or investors looking for a strong return on investment. The building features storefront windows and is situated in Riverside County. The property's strong financials, coupled with its prime location and recent renovations, make it an attractive investment prospect. There are no lease options or ground lease associated with this property. The property is individually owned. The current tenant's lease began February 1, 2023. No rent bumps are included in the current lease.