Dutch Bros & Magnolia Commons
$4,930,000
9590-9624 Magnolia Ave, Riverside, CA 92503
5
Cap Rate
246,300
NOI
Details:
Description:
Progressive Real Estate Partners is pleased to present an Absolute NNN Dutch Bros Ground Lease and an adjacent four-unit multi-tenant building, Magnolia Commons, located along Riverside’s heavily trafficked Magnolia Avenue. Dutch Bros operates under a corporate-guaranteed lease (NYSE: BROS) with a brand-new 15-year initial term, three 5-year options, and 10% rent increases every 5 years. Magnolia Commons includes four service-oriented tenants— anchored by The Beast Training Facility— with most leases featuring 3% annual increases, low/replaceable rents, and a recently renovated exterior with prominent visibility. The combined offering provides a blend of passive income and built-in rent growth from both national and local tenants. The properties are supported by major traffic drivers including Kaiser Permanente Riverside (2,000+ employees), Parkview Hospital (1,000 employees), California Baptist University (11,900+ students), and the Galleria at Tyler (8.8M+ annual visitors).
.
Documents:
| Title | ||
|---|---|---|
| Riverside_-_Dutch_Bros___Magnolia_Commons_-_OM.pdf |
Location
Gallery
