Fee Simple Wendy's - 15 Year Absolute NNN | 10020 Arlington Ave
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Fee Simple Wendy's - 15 Year Absolute NNN 10020 Arlington Ave
1,921 SF Retail Building Riverside, CA 92503 $4,600,000 ($2,395/SF) 4% Cap Rate
Investment Highlights
- Long-Term Lease: ±15 years remaining on an absolute NNN lease with no landlord responsibilities.
- Experienced Tenant: Corporate-backed tenant managing 46 restaurants with 32+ years of franchise experience.
- Modern Construction: Built in 2019 with efficient design, ensuring tenant retention.
- Rent Growth: 10% increases every five years, providing a hedge against inflation.
- Prime Location: High-traffic area along Arrow Hwy with ±30,501 ADT and ±28,695 ADT on Irwindale Ave.
- Community Hub: Across from Norte Vista High School, benefiting from steady pedestrian and vehicle traffic.
Executive Summary
Located at 10020 Arlington Ave in Riverside, CA, this Wendy’s property presents an outstanding investment opportunity with a ±15-year absolute NNN lease, offering passive income and no landlord responsibilities. The ±1,921 SF building, renovated in 2021 with a $2 million comprehensive upgrade, features state-of-the-art design elements, including a modernized kitchen, dine-in area, and enhanced drive-thru capabilities. Positioned on a ±0.35-acre lot at a highly visible signalized intersection, the property benefits from traffic counts of ±25,176 ADT, along with its proximity to Norte Vista High School, ensuring steady vehicle and foot traffic.
The property is leased to an experienced multi-brand franchisee operating 46 locations, backed by corporate guarantees and featuring 10% rent escalations every five years. Strategically located in Riverside, a vibrant city with a robust economy and access to major logistics routes, this Wendy’s offers investors a secure, inflation-hedged asset in a high-demand market.
The property is leased to an experienced multi-brand franchisee operating 46 locations, backed by corporate guarantees and featuring 10% rent escalations every five years. Strategically located in Riverside, a vibrant city with a robust economy and access to major logistics routes, this Wendy’s offers investors a secure, inflation-hedged asset in a high-demand market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,921 SF
Building Class
C
Year Built/Renovated
1987/2021
Price
$4,600,000
Price Per SF
$2,395
Cap Rate
4%
NOI
$184,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.35 AC
Opportunity Zone
Yes
Parking
15 Spaces (7.43 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 150-110-043 | Improvements Assessment | $754,290 |
| Land Assessment | $317,322 | Total Assessment | $1,071,612 |
PROPERTY TAXES
Parcel Number
150-110-043
Land Assessment
$317,322
Improvements Assessment
$754,290
Total Assessment
$1,071,612
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Fee Simple Wendy's - 15 Year Absolute NNN | 10020 Arlington Ave
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