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

For more information regarding the value of a property, please contact us for a free consultation.

3695 Central AVE Riverside, CA 92506

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

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $2,199,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW22069905

Tax Year 2022

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

Exterior

Utilities Available Water Not Available

Building

Lot Description Flat

Water None

Others

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Read Less


CRMLS – RECore
Listed by Cameron Irons SVN / Vanguard
Bought with KEMAI MIKE LI MIKE REALTY

GET MORE INFORMATION

Jeff Whittington

Jeff Whittington

Broker Associate | License ID: 01893647

+1(858) 361-9090

Name
Phone*
Message