For Sale
$4,270,000

3640 Central AveRiverside, CA 92506

Prime Riverside location, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 4,500-square-foot Chick-fil-A restaurant located at 3640 Central Ave, Riverside, CA 92506. The property boasts a 15-year absolute NNN lease with a credit-rated tenant, Chick-fil-A, commencing September 1, 2018, and expiring August 31, 2033. With approximately 8.8 years remaining on the lease term, this investment offers significant long-term stability and predictable cash flow. The property sits on a 0.75-acre lot and was built in 2018. The annual net operating income (NOI) is $181,500, resulting in a compelling 4.25% cap rate and a price per square foot of $948.89. The property benefits from its high-visibility location on Central Avenue, a major thoroughfare with over 32,200 cars daily, and convenient access to the 91 Freeway (over 89,800 cars daily). This single-tenant, ground-leased property offers a secure investment with a nationally recognized tenant and a strong track record of performance. The property's APN is 225-242-051. This is a rare opportunity to acquire a well-performing Chick-fil-A in a prime Southern California location. The low rent and small price point fundamentals create a secure income stream.

Highlights

  • High-credit, nationally recognized tenant: Chick-fil-A occupies the entire 4,500 SF building under a long-term corporate lease.
  • Low rent, attractive price point: Annual ground rent of $181,500 is significantly below market, creating a secure income stream.
  • High-traffic location: Excellent visibility on Central Ave (32,200+ cars daily) with convenient access to the 91 Freeway (89,800+ cars daily).

Property Details for 3640 Central Ave

Property type
Retail properties
Square Feet
4,500 SF
Year Built
2018
Buildings
1
Lot Size (sq. ft)
32,670 SF

Location Insight

City
Riverside
County
Riverside
State
California
Latitude
33.9532522
Longitude
-117.3922964
3640 Central Ave, Riverside, California

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3640 Central Ave
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