18641 Van Buren Boulevard
Riverside, CA 92508

$2,988,000

Description

Rarely available newer retail plaza built in 2008. Plaza has 2 standalone retail building. One occupied by Dunkin Donut Restaurant ( 1802 SF) , another building hosts Tobacco Leaf Shop ( 1160 SF ) and Van Buren Florist (1428 SF) . Total building SF of 4390 SF on a lot of 35719 SF. The plaza has excellent tenant profile with long term leases in place. Total annual net rental income is $137,232. Dunkin Donut has signed 20 yr lease in 2017 with 3 (5) years option. Tobacco Leaf has been in this location since 2008. Exercised its 1st 5-yr option in 2018. Florist on 3 year lease starting Jan. 2018. All leases are NNN leases ( tenants pay for net lease plus property tax, insurance and maintenance) . All tenants are stable and established with sold business experience.

Details

MLS#TR19068126
StyleRetail
Sub-TypeResale
StatusActive
Year2008
Days On Site18

Features

SQ Feet4,390
Story(s)0
Units55903

Market Activity 92508

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Area Information

StateCA
CountyRiverside
CityRiverside
Zip Code92508
Area252 - Riverside
Listing VS Median (in 92508)
Price:
$2,988,000
low | high
Med:
$539,990
100% of Average
SqFt:
4,390
low | high
Med:
3,014
81.343963553531% of Average
$ / SqFt:
$681
low | high
Med:
$179
100% of Average
On Site:
18
low | high
Med:
30
60% of Average
Listing Updated: 04/21/2019
MLS Number: TR19068126
Listing Provided By:
Jane Hsu  of  Channel Investment Group
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