Arlington Plaza
Multi-Tenant Retail Center
Marketing description
Arlington Plaza provides an opportunity to acquire a 100% occupied five-tenant retail center located in Riverside, CA featuring a diverse mix of tenants. Arlington Plaza offers investors the chance to own a proven investment asset as well an opportunity to significantly increase future cash flow by increasing below market rents. The property is situated at a signalized corner (traffic count of about 42,000 cars per day) with extensive exposure along Arlington Avenue, a major eastwest arterial in Riverside. California Avenue connects to Van Buren Boulevard which allows access to the 91 freeway.
Investment highlights
HIGH TRAFFIC LOCATION WITH GREAT VISIBILITY
• Subject property is located at a signalized intersection of Arlington Avenue
and California Avenue, with a traffic count of about 42,000 cars per day
• Unobstructed street visibility and access to and from Arlington Avenue and
California Avenue
• Directly across the street from 17-acres former Sears site which is being
redeveloped into 386 luxury apartment units; Aldi grocery store, retail
shops and a public dog park
• Located near established neighborhood centers with national tenants
including Smart & Final, Starbucks, Del Taco, Dollar Tree, Bank of America,
Ross, and McDonald’s
• Highly visible monument sign on Arlington Avenue creating strong
tenant identity
STRONG INVESTMENT FUNDAMENTALS
• The Flower Shop has been at this location for almost 40 years
• A diverse mix of five tenants with annual rent increases and staggered lease
renewals offer investors a hedge against inflation and vacancy
• Tenant mix ideally suited for trade area, creating long term stability
• Easy to manage five tenant property with an average space size of about
1,300 SF allows affordable total rents
VALUE-ADD OPPORTUNITY
• Current in-place rents average just $1.59/SF; significantly below market
rates for similar assets in the trade area
• None of the tenants have any options allowing new owner the opportunity
to bring rents to market rent & significantly increase future cash flow
• Potential to achieve an estimated 8% return by year 4
ESTABLISHED TRADE AREA
• Population in excess of 293,615 within 5-mile radius
• Average household income of $117,461 within 5-mile radius.
IDEAL 1031 REPLACEMENT
• Available for quick close to accommodate 1031 Exchange timelines
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
