For Sale
$4,500,000

5300 Arlington AveRiverside, CA 92504

Two prime retail centers, 100% occupied, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
113
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.

Highlights

  • Two Class B strip centers totaling 7,890 - 9,700 square feet in Riverside, CA, with 12 units and 100% occupancy.
  • 7.11% cap rate and $319,733 NOI.
  • Built in 1983, renovated in 2015, with a diverse tenant mix including T-Mobile and others under NN+ leases.
  • High visibility locations at 5300 Arlington Ave (7,430 SF, 29+ parking stalls, 250' frontage) and 9758 Magnolia Ave (9,700 SF, 0.71-acre lot).
  • Significant value-add potential through rent increases and future re-tenanting; suitable for a 1031 exchange.

Property Details for 5300 Arlington Ave

Property type
Retail properties, Retail space
Square Feet
7,890 SF
Class
B
Year Built/Renovated
1983/2015
Buildings
2
Stories
1
Units
12

Location Insight

City
Riverside
County
Riverside
State
California
Latitude
33.9459065
Longitude
-117.4187493
5300 Arlington Ave, Riverside, California

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5300 Arlington Ave
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