For Sale
$41,450,000

1524 Riverside AveRialto, CA 92376

Grocery-anchored retail center, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
119
Rialto Village, a premier 92,345 square foot shopping center in Rialto, CA, presents a rare investment opportunity. Built in 2023, this 100% leased property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $2,486,580, with an asking price of $41,450,000 ($448.86/sq ft). The center is anchored by Sprouts, a leading specialty grocery retailer, with a lease extending to 2038. Additional major tenants include Burlington, ULTA Beauty, and Five Below, all with long-term leases, contributing to a weighted average lease term remaining of approximately 11.6 years. The property also features four exterior pad buildings housing national and regional tenants such as Quick Quack Car Wash, Arrowhead Credit Union, Mattress Firm, In-N-Out Burger, Coffee Bean, Cold Stone Creamery, Nekter Juice Bar, and The Joint Chiropractic, offering multiple exit strategies. Situated on a 9.53-acre lot at 1524 S Riverside Ave, Rialto, CA 92376, the center benefits from a dense residential population (15,784 within one mile, 141,843 within three miles) and a prime retail location within South Rialto's main retail node, surrounded by other major retailers. The diverse tenant mix, predominantly national and regional (94% of GLA, 88% of rental revenue), provides an e-commerce resistant income stream, minimizing risk and ensuring long-term stability. This exceptional property offers a secure and lucrative investment opportunity in a thriving Southern California market.

Highlights

  • Rare investment opportunity: A newly constructed, 100% leased, grocery-anchored shopping center in a densely populated Southern California location.
  • Sprouts-anchored center: Features Sprouts, a major, fast-growing organic grocery retailer, as its anchor tenant.
  • Strong tenant roster: Boasts a weighted average lease term of approximately 11.6 years, providing secure income.
  • Multiple pads and outparcels: Includes four exterior pad buildings with national/regional tenants, offering multiple exit strategies.
  • Category-dominant co-anchors: Features Burlington, ULTA Beauty, and Five Below as co-anchors.
  • Long-term anchor leases: Anchor tenants have leases extending to 2038, 2034, and 2033.

Property Details for 1524 Riverside Ave

Property type
Lifestyle centers, Power centers
Square Feet
92,345 SF
Year Built
2023
Lot Size (sq. ft)
415,127 SF

Location Insight

City
Rialto
County
San Bernardino
State
California
Latitude
34.0737614
Longitude
-117.3719273
1524 Riverside Ave, Rialto, California

FAQs

What type of property is this?
Lifestyle center - Grocery-anchored retail center, high NOI.
Where is the lifestyle center located?
The property is located at 1524 Riverside Ave Rialto, CA.
What is the asking price?
The asking price for this property is $41,450,000.
What are key features of this property?
This property features: Rare investment opportunity: A newly constructed, 100% leased, grocery-anchored shopping center in a densely populated Southern California location.; Sprouts-anchored center: Features Sprouts, a major, fast-growing organic grocery retailer, as its anchor tenant.; Strong tenant roster: Boasts a weighted average lease term of approximately 11.6 years, providing secure income.
How can I contact the broker?
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1524 Riverside Ave
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