For Sale
$4,800,000

6390 Van Buren BlvdRiverside, CA 92503

High-Traffic, Triple-Net Leased Center

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional retail investment property in Riverside, CA, presents a compelling opportunity for discerning investors. Located at 6390 Van Buren Boulevard, this single-story, 6,000 square foot shopping center sits on a 0.92-acre lot and boasts 100% occupancy with three national tenants: Starbucks, Verizon Wireless (operated by a 68-store dealer), and Waba Grill. The property benefits from a highly visible corner location on a signalized intersection with over 87,000 cars passing daily, situated within a grocery-anchored plaza. The investment features a fee-simple ownership structure with a triple-net (NNN) lease, ensuring minimal landlord responsibilities. The current asking price is $4,800,000, representing a 5.25% capitalization rate and a strong NOI of $252,015. Tenants are on long-term leases, providing stability and predictable cash flow. Waba Grill reports $20.9 million in annual revenue, while Starbucks boasts $116 billion. The Verizon Wireless dealer operates 68 stores. This property offers a rare combination of high-credit tenants, exceptional location, and strong financial performance, making it an ideal addition to any diversified portfolio. The property's prime location and high visibility ensure consistent foot traffic and strong tenant performance. This is a turnkey investment opportunity with significant upside potential.

Highlights

  • 100% Leased to National Credit Tenants with established operating histories.
  • Waba Grill (annual revenue: $20.9M) and Starbucks (annual revenue: $116B) are tenants.
  • BeMobile, a 68-store Verizon dealer, is also a tenant.
  • NNN lease structure.
  • 87,500 cars per day traffic count.

Property Details for 6390 Van Buren Blvd

Property type
Lifestyle centers, Power centers
Square Feet
6,000 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
40,075 SF
Units
3

Location Insight

City
Riverside
County
Riverside
State
California
Latitude
33.9454444
Longitude
-117.4543082
6390 Van Buren Blvd, Riverside, California

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6390 Van Buren Blvd
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