Riverside Drive Shopping Strip
4653 Riverside Drive, Chino, CA 91709
Property Description
Price: $2,290,000
Price Per/SF: $473.13
Land Area: ±13,420 Square Feet
Cap Rate: 4.57% Current | 5.06% Pro Forma
Gross Leasable Area: ±4,840 Square Feet
Year Built: 1963
Investment Highlights
High-Visibility Corner Location – Positioned Along Riverside Drive, a Major Thoroughfare With Traffic Counts Exceeding 17,000 Cars Per Day
Rare Shopping Strip Investment Opportunity at a Low Price Point, Ideal for Investors Focused on Long-Term Growth
Stable Cash Flow With Annual Rent Increases – Built-In Annual Escalations Across All Leases Provide an Excellent Hedge Against Inflation
Prime Retail Opportunity With Excellent Fundamentals
- Dedicated Front Parking – Ample On-Site Parking Directly in Front of the Property, Maximizing Customer Convenience
- Convenient Access to Major Freeways – Centrally Located Near the 60 Freeway (Gateway to Los Angeles County) and the 71 Freeway (Connection to Orange County)
- Recent Improvements Include Brand New HVAC Units for ½ of the Suites in Addition to Repainting
Strategic Location in a Growing Market
- Dense, Infill Trade Area – Over 395,000 Residents Within a Five-Mile Radius, Supported by an Average Household Income of $107,547
- Proximity to Major Industrial Hub – Located Near the Chino Industrial District, Home to 25,000,000+ Square Feet of Industrial Space and Thousands of Employees, Generating Consistent Daytime Demand
- Chino’s Strategic Location Attracts Industrial Tenants, Fueling Demand for Nearby Retail Services
- Surrounded by National and Regional Retailers – Situated Within a Thriving Retail Corridor, Featuring a Recently Developed Stater Bros. (Less Than ½ Mile Away) and Andy’s Burgers (Directly Across from the Subject Property)
- Multiple Points of Ingress and Egress on Riverside Drive
Contact Information
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643