$2,988,000

18641 Van Buren Boulevard

Riverside CA, 92508

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.

Details

MLS#TR19068126
StyleRetail
Sub-TypeResale
StatusActive
Year2008
Days On Site168

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:
$510,000
100% of Average
SqFt:
4,390
low | high
Med:
1,728
100% of Average
$ / SqFt:
$681
low | high
Med:
$295
100% of Average
On Site:
168
low | high
Med:
87
100% of Average
Listing Updated: 09/17/2019
MLS Number: TR19068126
Listing Provided By:
Jane Hsu  of  Channel Investment Group
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.
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