Long Term Absolute NNN Lease with Wienerschnitzel in Riverside, CA
$2,199,000
3695 Central, Riverside, CA 92506
976 sqft
Building Size
0.31 acres
Lot Area
Details:
Highlights:
- Building Size is 976 SF and Lot Size is 13,504
- Absolute 10-Year NNN Leased Investment with Zero Landlord Responsibilities
- Replaceable Rent of $90,000 providing Minimal Risk and Long Term Upside Potential
- Nearby Retailers include Islands Restaurant, El Pollo Loco, El Torito, Nordstrom Rack, California Pizza Kitchen, Panera Bread, Wendy's, The Coffee Bean & Tea Leaf, Jack in the Box, Jimmy John's, Vons, Chase Bank and more
Description:
SVN Vanguard is please 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.
Riverside
Location
