18641 Van Buren Boulevard, Riverside, CA 92508

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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.

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Calculator source: Real Geeks

Listing courtesy of Jane Hsu from Channel Investment Group

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