We are pleased to present Arlington Plaza - a six-unit retail strip center on the 5-point signalized corner of Arlington Avenue, California Avenue & Streerer Avenue in Riverside, California. Arlington Plaza is a 7,430 square foot, multi-tenant strip center with a mix of local and regional tenants. The tenants include Fast 5 Pizza, a Beauty Salon, an Employment Agency, May Flowers and Metro PCS. The strip center wraps the entire corner providing over 250 of street frontage and allowing every tenant to have some street visibility. The subject property is clearly visible from all angles of the intersection as an estimated 40,000 vehicle pass through that intersection daily in accordance to 2017 vehicle traffic counts for California and Arlington Avenues. Current rents for the property average $1.75 gross providing a new owner the opportunity to convert gross leases to triple net leases and increase the cap rate to above a 7.0% cap with various rental increases and converting to NNN as renewals come due. This unique strip center is a uniquely built property on a busy retail corridor for maximum visibility and exposure.

  • MLS# GD18224556
  • Style Retail
  • Sub-Type Resale
  • Status Active
  • Year 1980
  • Days On Site 44
SQ Feet 7,430
Story(s) 1
Units 6
Zoning CG
Listing Provided By:
Krikor Garabedian  of  Keller Williams R. E. Services
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $2,225,000
477.25%
$385,450 in 92504
this listing 7,430 SqFt
426.20%
1,412 SqFt in 92504
this listing $299 $/SqFt
0.84%
$297 $/SqFt in 92504
this listing 44 on site
7.32%
41 on site in 92504

Location

State CA
County Riverside
City Riverside
Zip Code 92504
Area 252 - Riverside

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