9590 Magnolia Ave, Riverside, CA 92503

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% leased, two-story, four-tenant retail/office property strategically positioned along the highly traveled Magnolia Avenue corridor in Riverside, California. The property features a strong mix of service-oriented tenants on predominantly NNN lease structures. Most leases include annual rental increases of the greater of 3% or CPI, ensuring long-term income growth. While the current ownership is not collecting reimbursement income, a new investor has the ability to enforce existing lease terms as written, providing immediate upside. In addition, tenants are currently paying rents well below market averages in Riverside County, creating significant value-add potential.

The subject property is ideally located along Magnolia Avenue with direct access to the CA-91 Freeway (209,000 VPD) and Van Buren Boulevard (31,900 VPD). The asset is surrounded by national/credit tenants including Walmart, Lowe’s, Target, Ross, Best Buy, Albertsons, CVS, Starbucks, Chick-fil-A, and In-N-Out Burger. In addition, the property benefits from proximity to nearby regional shopping destinations including Magnolia Tyler Shopping Center, Lincoln Plaza, and the Galleria at Tyler Mall, anchored by Macy’s and AMC, driving consistent consumer traffic to the corridor. The property is further strengthened by dense, affluent demographics and a built-in consumer base. More than 262,000 residents and 72,000 employees reside within a 5-mile radius, boasting an average household income of $118,929, well above national benchmarks. In addition, the location is supported by major healthcare and educational institutions, including Kaiser Permanente Riverside Medical Center (226 beds, 2,000+ employees, and a $350 million expansion project underway), Parkview Community Hospital (193 beds, ~1,000 employees), and California Baptist University (12,000+ students and faculty). These anchors contribute to a strong daytime population and consistent demand for services in the immediate trade area.