Riverside, CA 92506,3695 Central AVE
Riverside, CA 92506,3695 Central AVE
Riverside, CA 92506,3695 Central AVE
6
$2,199,000
$2,199,000
Est.Price: ?

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976 SqFt

3695 Central AVE Riverside, CA 92506

Est. payment /mo
SOLD DATE : 05/04/2022

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Key Details

Sold Price $2,199,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 976 sqft

Price per Sqft $2,253

MLS Listing ID PW22069905

Sold Date 05/04/22

HOA Y/N No

Tax Year 2022

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Retail

Property Description

Pleased to present a single tenant absolute NNN leased investment (fee simple interest) occupied by Wienerschnitzel with a lease term through August 31, 2031 in Riverside, California. The Galardi Group signed an original lease in 1988 and has recently negotiated a 10-year extension maintaining their presence a this location for years to come. In addition to extending the lease by 10-years there are 2, fixed 5-year option periods potentially extending the term through August 31, 2041. The subject property includes an approximate 976 SF drive-thru building on a 13,504 SF lot near the intersection of Magnolia Avenue and Central Avenue. This is a one of the kind opportunity to purchase an absolute NNN investment property located in the City of Riverside on a long term, corporate-backed, lease with outstanding operating history.

Location

State CA

County Riverside

Area 252 - Riverside

Zoning Commercial General

Interior

Laundry None

Building

Lot Description Lot 10000-19999 Sqft

Water None

Others

Acceptable Financing None

Listing Terms None

Financing None

Special Listing Condition Standard

Lease Land No

Confidential INFO

BAC 2.5

TERMS Cash,Cash To New Loan

LIST AGRMT Exclusive Right To Sell

SHOW CONTACT TYPE None

SHOW INSTRUCTIONS Do not disturb tenant. There is a long term NNN lease (NO LANDLORD FINANCIAL RESPONSIBILITIES) and the tenant has 10-years plus option periods. Contact Jon Davis (jon.davis@svn.com) with any questions

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CRMLS Plus
Listed by SVN / Vanguard
Bought with MIKE REALTY
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agent

Mark Witte

Agent | License ID: 02102425

+1(949) 269-7270

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