26534 9Th St, Highland, CA 92346
8,500 SF | Retail Building | Highland, CA 92346 | $2,200,000 ($259/SF) | 7% Cap Rate
For Sale
Active
Asking Price $2,200,000
- Property Type
-
Retail
- Square Feet
- 8,500 SF
- Price / Square Foot
- $259
Listing Contacts
Property Overview
Marcus & Millichap is pleased to present an exclusive investment opportunity to acquire a net leased corporate Family Dollar nestled in the foothills of the San Bernardino Mountains. Located just one mile northeast of the San Bernardino International Airport, the site is surrounded by a tremendous density of residential population. A well-performing location for Family Dollar, the original 10-year net lease with Family Dollar, Inc. was signed in April 2018 and has five 5-year renewal options beginning in October of 2028. Each option period signifies a 10% rental increase. This lease was signed in 2018 to seemingly address the growing demand for additional retail space due to the strong performance of a nearby, corporately-owned store on Base Line Street, just northeast of this location.
Situated upon ±0.71 acres of land, this inline space located within the larger Rio Ranch shopping center and consists of ±8,500 square feet. A low market rent of $1.51/sf NNN creates a long-term ease of occupancy. Tenant recently submitted an application to allow Alcohol Sales, further solidifying commitment to this location.
Architectural plans and environmental inspections will be included with the delivery of due diligence materials. The materials will help to facilitate a potential purchaser’s expedited review of the property as they provide confidence in the building’s history and do not reflect any environmental concerns.
Tenant recently submitted an application for Alcohol Sales at the site.
Situated upon ±0.71 acres of land, this inline space located within the larger Rio Ranch shopping center and consists of ±8,500 square feet. A low market rent of $1.51/sf NNN creates a long-term ease of occupancy. Tenant recently submitted an application to allow Alcohol Sales, further solidifying commitment to this location.
Architectural plans and environmental inspections will be included with the delivery of due diligence materials. The materials will help to facilitate a potential purchaser’s expedited review of the property as they provide confidence in the building’s history and do not reflect any environmental concerns.
Tenant recently submitted an application for Alcohol Sales at the site.
Property Details
- Class
- C
- Year Built
- 1966
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 30,928 SF
Highlights
- Strong Performing Corporate Triple Net-Leased Family Dollar with 10% Increases in Each of Five 5-Year Options to Renew
- Robust Business Levels at Nearby Family Dollar Warranted Expansion to New Subject Site at 26534 9th Street
- Tenant Recently Submitted Application for Alcohol Sales on the Premises
- Extremely Dense Population Exceeding 102,337 Residents in the Three Mile Radius with an Average Household Income of $69,021
- High-Profile Signalized Intersection of 9th Street @ Victoria Strong Workforce Demand Drivers to Highland, CA Due to Regional Growth in Major Distribu
- Recent $300 Million Investment by Amazon for Its New 100-Acre Amazon Air Regional Hub
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].