1690 Spruce St | Riverside, CA 92507
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1690 Spruce St
Riverside, CA 92507
Kalaveras - 15 Year Abs. NNN Sale-Leaseback · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Featuring 15 years remaining, ensuring a hands-off income stream for many years to come, totaling $4,369,200 in rental income during the initial term
- Strong Lease Guaranty with Experienced Operator
- Extensively restaurant remodel in Q2 2022, providing modern infrastructure that enhances long-term tenant retention and property value stability.
- Absolute NNN Lease with Zero Landlord Responsibilities with scheduled 10% Increases every 5 years
- Prime Location with Strong Traffic Counts
- Kalaveras operates as a vibrant Bar & Restaurant concept, fully licensed for full-service liquor and alcohol beverage operations
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
7,004 SF
Building Class
B
Year Built/Renovated
2002/2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.00 AC
Zoning
BMP - Business and Manufacturing Park Zone
Parking
341 Spaces (48.69 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 250-020-088 | Improvements Assessment | $1,071,820 |
| Land Assessment | $795,906 | Total Assessment | $1,867,726 |
PROPERTY TAXES
Parcel Number
250-020-088
Land Assessment
$795,906
Improvements Assessment
$1,071,820
Total Assessment
$1,867,726
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