18641 Van Buren Boulevard, Riverside, CA 92508

$2,988,000
4,390
SqFt
List Price
$2,988,000
Status
ACTIVE
MLS#
TR19068126
Year Built
2008
Living Sq. Ft
4,390
Days on Market
140
Property Type
Commercial
Property Sub Type
Retail

Property 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 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. Tenants pay total monthly rent $11438 and additional $ 3455 toward NNN expenses. 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.

Additional Information

Water
Public
Total Number of Units
55903

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Calculator source: Real Geeks

Listing courtesy of Jane Hsu from Channel Investment Group

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.