VVRG is pleased to present an exceptional investment opportunity in the rapidly growing city of Riverside, CA.
The property offered for sale is located at a hard signalized corner at the intersection of Spruce St and Chicago Ave. The investment opportunity boasts approximately 121 ft. of frontage along Chicago and 114 ft. along Spruce St. The location is prime as it offers excellent visibility with an impressive traffic count of 45,000 cars per day.
The property is positioned within the 1,300-acre Hunter Industrial Park, one of the fastest-developing industrial areas in Riverside. Strategically located just 1 mile north of UC Riverside provides a consistent flow of foot traffic. In addition, the property is easily accessible from the 60, 91, and 215 freeways, making it convenient for continuous shoppers to visit.
A versatile investment opportunity with a 5:3 parking ratio provides abundant parking for shoppers and a wide range of potential uses for future occupants. In addition, the retail center is 100% leased, offering immediate stable cash flow for an investor. This unique opportunity provides an opportunity to acquire a prominent, easily accessible, and ideally located shopping center in a rapidly growing city showcasing a robust demographic profile.
The City of Riverside is one of the fastest-growing cities in the nation and ranks as the 11th largest city in California, making it an ideal location for investment
Use: 2nd Generation Restaurant
Leasable SF: 1,414
Total Land: 74,488
Type: NNN Lease