6200 Van Buren Blvd Riverside, CA 92503
- Lifestyle centers
- 0.43 lot acres
Current Use by Public Records
- Riverside Market Clinic / Medical Clinic / Doctor
- Enterprise Rent-A-Car / Car Rental Agency / Van Rental Agency
- Veronica's Insurance Riverside / Auto Insurance Agency
- Anaheim Family Medical Clinic / Doctor
- Loya Esther / Nursing Agency
Property Details for 6200 Van Buren Blvd
- Lot size
- 0.43 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.454
- Latitude
- 33.9442
