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3640 Central Ave
4,500 SF Retail Building Riverside, CA 92506 $4,270,000 ($949/SF) 4.25% Cap Rate
Investment Highlights
- SoCal Chick-fil-A – Rare Small Price Point - $4,270,000
Executive Summary
** Chick-fil-A is one of America’s largest and most popular fast-food chains, offering its famous chicken sandwiches across 48 states and Washington DC, Canada, and Puerto Rico at over 3,000 locations.
* Low Rent, Small Price Point Fundamentals – Chick-fil-A is only paying $181,500 annually in ground rent (estimated to be approximately 33% below market levels) - creating a secure income stream and a small price point for an infill Southern California Chick-fil-A STNL investment
* High Visibility, Traffic Location – Chick-fil-A enjoys excellent line of sight visibility and street frontage along heavily traveled Central Ave (over ±32,200 cars per day) with easy access to 91 Freeway (over ±89,800 cars per day)
Property Facts
Amenities
- Bus Line
- Pylon Sign
- Restaurant
- Signage
- Balcony
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
Whether greeting at the drive-thru or making a meal inside the restaurant, Chick-fil-A® Team Members strive to serve up memorable experiences for each and every guest. And they hope that dining with them inspires people to spread that sense of warmth to others, too. Eating on the go can be a challenge, but they want to help. From hand-breading the chicken for their classic sandwiches to sourcing fresh produce for their salads and fruit cups, quality food has always been a top priority. They believe in delivering great fast food every day (except Sundays). Their founder, S. Truett Cathy, made the decision to close on Sundays in 1946. He knew what it was like to work seven days a week in restaurants, so he saw the importance of letting his employees set aside one day to rest and worship if they choose. That’s a practice they still uphold today.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 225-242-051 | Improvements Assessment | $3,694,807 |
| Land Assessment | $601,504 | Total Assessment | $4,296,311 |
PROPERTY TAXES
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James Tyrrell -
John Read -
Nicole Bose -
CBRE
Presented by
3640 Central Ave
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