6390 Van Buren Blvd Riverside, CA 92503
- Lifestyle centers
- 6,000 SF
- 0.92 lot acres
Current Use by Public Records
- WaBa Grill / Health Food Restaurant / Rice Restaurant
- T-Mobile / Cell Phone Store
- Starbucks / Coffee Shop / Internet Cafe
Property Details for 6390 Van Buren Blvd
- Lot size
- 0.92 lot acres
- Property size
- 6,000 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.454
- Latitude
- 33.9454
