Market Broiler / Across From 475,000+ Sq Ft Shopping Center
$3,991,818
3525 Merrill Avenue, Riverside, CA 92506
5.5
Cap Rate
219,550
NOI
Details:
Highlights:
- LONG SITE OPERATING HISTORY - 30+ Years At Location. 4.7+ Years Remaining. 15% Rent Increase Each Renewal Option
- SURROUNDED BY 1+ MILLION SQ FT OF RETAIL - 110+ Regional & National Retailers Within 1-Mile Radius
- RIVERSIDE PLAZA ACROSS THE STREETS - 8.2 Million Customer Visits Yearly. Top 2% Of All Shopping Centers CA
- HIGHLY AFFLUENT MARKET - $115K Average Household Income. 3-Mile Population Of 117,500
- RIVERSIDE – 12TH LARGEST CITY IN CALIFORNIA - $34 Billion Regional Economy. $500 Million 91 & 215 Freeway Ongoing Expansion
Description:
TOUCHSTONE COMMERCIAL PARTNERS is pleased to present a premier investment opportunity: a single-tenant Market Broiler restaurant in Riverside, California and the adjacent parking lot. The property sits directly across from Riverside Plaza— one of the busiest shopping centers in Southern California, with 475,000 SF, 60+ retailers drawing 8.5 million visits a year. The anchored tenants include Vons Supermarket, Regal Cinemas, and Trader Joe’s (Please refer to OM for a 360° aerial of the property).
Market Broiler is a Southern California original known for fresh fish and chef-inspired seafood. The brand operates seven locations and has served this address for more than three decades. The tenant recently extended the NNN lease through May 2030 and holds 3 additional five-year renewal options, each with a 15% rent increase.
Riverside anchors Southern California’s Inland Empire—one of the fastest-growing major metros in the U.S, with a $34 billion regional economy. The city benefits from diversified economic drivers in advanced manufacturing, logistics and distribution, healthcare, education, and emerging tech. Some of the key ongoing capital projects include a $100 million expansion of the School of Medicine at UC Riverside and a $ 500 million expansion of the 91 & 215 Freeways and the Riverside Renaissance Infrastructure Project.
Documents:
| Title | ||
|---|---|---|
| Market_Broiler_Riverside_CA_-_Touchstone_Commercial_Partner.pdf |
Location
Gallery