For Sale
$4,270,000

3640 Central Ave Riverside, CA 92506

Prime Riverside location, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
134
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

FAQs

What type of property is this?
Retail property - Prime Riverside location, strong ROI.
Where is the retail property located?
The property is located at 3640 Central Ave Riverside, CA.
What is the asking price?
The asking price for this property is $4,270,000.
What are key features of this property?
This property features: 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).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3640 Central Ave
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