Listing Details
- Cap Rate
6%
- Tenancy
Single
- Space Type
Mixed Use
- Sub Category
Office / Retail
- Sale Type
Investment Sale
- Date Listed
5/13/2025
- Net Operating Income
$294,556
- Parking Info
24 Spaces (2.5 Spaces per 1,000 SF Leased)
- Building FAR
0.69
Property Specifics
- Property Name
Davita Dialysis - Prime Riverside Area
- Property Class
B
- No of Buildings
1
- No of Stories
1
- Year Built
2015
- Building Size
9,602 SF
- Lot Size
0.32 Ac
- APN
166-620-045
- Zoning
C-P-S - Scenic Highway Commercial
Highlights
• Top Corporate National Tenant • Low Rent Per Square Foot • Strong Demographics • 95% FMV Rental Increases at Options • Rare Southern California location • Minimal LL Responsibilities
Description
Introducing a Fee Simple NNN investment opportunity at 8080 Limonite Avenue, Riverside, CA 92509. This property boasts a top national corporate tenant, DaVita, Inc., a Fortune 500 company specializing in kidney care services. There is just over 5 years remaining on the primary term and the lease includes two 5-year options at 95% of fair market value, allowing for strong upside in the rental increases (Low Rent PSF). With almost all expenses reimbursed by the tenant, including capital expenditures, this property offers a low-maintenance and passive cash flow for out-of-state investors. Strategically located with strong demographics in the area, this investment presents a lucrative opportunity for investors seeking stable cash flow and instrinsic value. The property features a modern building constructed in 2015, with approximately 9,602 net square feet on a 13,939 square foot lot. With a notable national credit tenant and potential for strong rental growth, this Davita dialysis clinic is a compelling addition to any investment portfolio. Minimal Landlord responsibilities with tenant reimbursing almost all expenses.