Rare Southern California net lease Grocery Outlet investment offering | Newly constructed and located in a high barrier to entry market within Southern California
Flagship Grocery Outlet location serving Riverside and the surrounding communities with the nearest Grocery Outlet store located in Ontario, over 20 miles/40 minutes west
Brand new 15-year corporate guaranteed lease with 4 (5-year) options to extend | Unique 10% rental increases every 5 years throughout the initial term and options
Anchor to a larger shopping center known as Madison Plaza | Co-anchor is a new 24-Hour Fitness (now open) generating substantial daily traffic to the center | Quality pad sites include tenants such as a recently opened Starbucks, a Denny’s and a Circle K/Exxon Mobil gas station
Within close proximity to other national/credit tenants such as Home Depot, Ross Dress for Less, Dollar Tree, Smart & Final Extra!, Big Lots, In-N-Out Burger, and more | Just a mile south of the property is the Riverside Auto Strip Mall which includes over a dozen car dealerships including brands such as BMW, Audi, Lexus, Mercedes, & more
Situated at the signalized intersection of Madison Street (22,200 VPD) and Garden Street | On/off ramp access to the adjacent Riverside Freeway/State Highway 90 (168,000 VPD), an extremely busy thoroughfare connecting much of Inland Empire to the coastal SoCal regions of LA and Orange County
More than 284,000 residents (AHHI $82,000) and nearly 99,000 employees in the (5-mile) trade area
This information contained herein was obtained from sources deemed to be reliable; however SRS makes no guarantees,
warranties or representations as to the completeness or accuracy thereof.
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