Riverside, CA - Starbucks

Description:

• The tenant recently signed a new 10 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and variable increases at the beginning of each option period
• The subject property will benefit tremendously from its position as an outparcel to the new Mission Village Shopping Center development, which is anchored by Planet Fitness and Grocery Outlet and will feature other national tenants including Wendy’s, Quick Quack Car Wash, Dollar Tree, and more
• The center development will also feature Tesla Charging Stations and a Bank of America ATM, providing further consumer-friendly amenities
• Starbucks is anticipated to open in late February/early March

• Located at a signalized, hard corner intersection along Mission Boulevard (26,200 VPD), a primary retail thoroughfare with direct access to State Highway 60 (173,000 VPD), a heavily trafficked commuter highway connecting Jurupa Valley to the Inland Empire and Los Angeles regions
• Surrounded by leading national QSR brands including Taco Bell, McDonald’s, Chipotle, Raising Cane’s, and In-N-Out Burger, promoting tenant synergy
• The trade area continues to grow with additional national retailers such as ALDI, Burlington, Stater Bros, and EOS Fitness

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Listing ID: a28TP00000294XtYAI