Property Description

Listing #5073

Asking Price: $850,000

In March of 2024, the City of Riverside announced 14 retail storefront winners out of 50+ applicants. Applicants have since received their Zoning Verification Letters (ZVL) and are pushing their layouts through planning. Acquiring one of these limited retail storefront licenses represents a rare opportunity for retailers to operate in a major CA metropolitan city. 

Don’t miss out on this opportunity to acquire a winning location in a strong demographic.

License Highlights:

• Limited License Jurisdiction
  • 1-of-14 Awarded Licenses
• Zoning Verification Letter Received
• Riverside Demographics:
  • Population: 326,000 and growing
  • Median Household Income: ≈ $95,000
  • Retail Spending: ≈ $5-Billion
• Points of Interest:
  • UC Riverside
  • Mission Inn Hotel & Spa
  • Fox Performing Arts Center
  • Riverside Art Museum

Real Estate Highlights:

• ≈ 3,400 SF Unit
• 91 FREEWAY FRONTAGE UNIT
  • 205,000 Cars Per Day
  • Freeway Facing Signage Allowed
• Excellent On-Site Parking
  • 3:1,000
• Monthly Rental Rate
  • Pre-Operational: $7,000 NNN
  • Operational: $11,000 NNN
  • NNN Fee: $0.30/SF ($1,017/mo)

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Meilad Rafiei – License# 01788589 – WeCann