For Sale
$3,400,000

6200 Van Buren Blvd Riverside, CA 92503

High-Traffic Retail Center, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional fee-simple retail property, located at 6200 Van Buren Boulevard in Riverside, California (92503), presents a compelling investment opportunity. The 5,005 square foot shopping center sits on a 0.43-acre lot and boasts a 100% occupancy rate with three tenants. The property features a single, one-story building housing Enterprise Rent-A-Car and Veronica's Insurance, both national tenants providing a corporate guarantee. The absolute NNN lease structure minimizes landlord responsibilities. The property generates a strong net operating income (NOI) of $212,468, resulting in an attractive 6.25% capitalization rate. Situated on a highly trafficked intersection (over 87,000 cars per day), this location benefits from excellent visibility and accessibility. The property's location within an Opportunity Zone may offer additional tax incentives. This is a rare opportunity to acquire a well-performing, multi-tenant retail center in a densely populated area of Riverside County. The property is offered at an asking price of $3,400,000.

Highlights

  • Fee-simple retail property at 6200 Van Buren Blvd, Riverside, CA 92503.
  • 5,005 SF shopping center on a 0.43-acre lot, 100% occupied by three tenants.
  • NNN leases with national tenants (Enterprise Rent-A-Car & Veronica's Insurance) providing corporate guarantees.
  • Strong NOI of $212,468 and a 6.25% cap rate.
  • High-traffic location (87,000+ cars daily) with excellent visibility.
  • Located in an Opportunity Zone, offering potential tax advantages.

Property Details for 6200 Van Buren Blvd

Property type
Lifestyle centers, Power centers
Buildings
1
Stories
1
Lot Size (sq. ft)
18,731 SF
Units
3

Location Insight

City
Riverside
County
Riverside
State
California
Latitude
33.944156
Longitude
-117.4543082

FAQs

What type of property is this?
Lifestyle center - High-Traffic Retail Center, 100% Occupied
Where is the lifestyle center located?
The property is located at 6200 Van Buren Blvd Riverside, CA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Fee-simple retail property at 6200 Van Buren Blvd, Riverside, CA 92503.; 5,005 SF shopping center on a 0.43-acre lot, 100% occupied by three tenants.; NNN leases with national tenants (Enterprise Rent-A-Car & Veronica's Insurance) providing corporate guarantees.
How can I contact the broker?
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6200 Van Buren Blvd
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