NOI / Year
$270,819
Cap Rate
4.66%
GRM
19.05x
DSCR
0.77
CommercialOff-Market
10015 Magnolia Ave — NNN Retail Investment
location_on10015 Magnolia Ave, Riverside, CA 92503
List Price
$5,815,000
Sq Ft
29,000
Built
1978
real_estate_agent
Listing Agent
Greg Jones
Jones RE
infoProperty Overview
Long-term national tenant established in 1949 — one of Southern California's largest footwear and apparel chains with 38 West Coast locations. Prime free-standing building with two rear buildings totaling 29,000 SF. Newly remodeled interior, new lighting, new landscaping, and fresh paint. Near Tyler Mall with ample parking, monument signage, and strong demographics. Close proximity to the 91 Freeway. Ideal NNN investment with in-place income and minimal landlord responsibilities.
Square Feet
29,000
Lot Size
1.10 Acres
Year Built
1978
Cap Rate
5.25%
Key Features
National NNN TenantTenant Est. 194938 West Coast LocationsRecently RemodeledNear Tyler MallMonument Signage135' Magnolia Ave Frontage47 Parking SpacesNear 91 Freeway5.25% Cap RateStrong DemographicsWalk Score 88
trending_upIncome Assessment
Rent Scenario
Units
Gross Annual Income$305,292
Price per SqFt$201
Est. Cap Rate4.66%
calculateUnderwriting — Annual Expenses
$
$
$
$
$
$
8%
Total Annual Expenses$34,473