217-221 State St, Redlands, CA 92373

4,080 SF | 100% Leased | Retail Building | Redlands, CA 92373 | $2,000,000 ($490/SF) | 6.12% Cap Rate

Date Added:
September 16, 2024
Days on Market:
2 days

Asking Price $2,000,000

Property Type
Retail
Square Feet
4,080 SF
Price / Square Foot
$490

Listing Contacts

Nathan Bragg
Nathan Bragg
Verified Profile
Terri Barrett
Terri Barrett
Verified Profile
  • Property Info

Property Overview

Contact Brokers for Detailed Offering Memorandum with Rent Roll
PRIME TURNKEY RETAIL INVESTMENT PROPERTY AT 217-221 E STATE ST, REDLANDS, CA
Located in the heart of historic downtown Redlands, the prime retail investment property at 217-221 E State St offers a rare opportunity to invest in a vibrant community with high foot traffic. This 4,080 sq ft property is fully leased with NNN (triple net) agreements, ensuring a stable income stream as tenants cover taxes, insurance, and maintenance. Surrounded by popular shops, restaurants, and cultural landmarks, this location is ideal for retail businesses.
REDLANDS: A STABLE AND GROWING MARKET
Redlands is a thriving and stable market with a growing population and robust economic development initiatives. The city’s commitment to preserving historical architecture and promoting local businesses makes it a sought-after destination for investors. The high Walk Score of this location ensures that daily errands can be accomplished on foot, attracting significant foot traffic essential for retail success.
UPGRADES AND MODERN AMENITIES
This turnkey investment property has undergone many upgrades, ensuring modern amenities while maintaining its historic charm. Redlands hosts numerous cultural events and festivals, such as the Redlands Bowl Summer Music Festival and the popular Redlands Market Night, which draw thousands of visitors. These events, along with attractions like the University of Redlands, the Smiley Library, and the Kimberly Crest House & Gardens, contribute to the area’s vibrant atmosphere.
DINING AND ECONOMIC GROWTH
The downtown area boasts a variety of dining options, from casual cafes to fine dining restaurants, catering to diverse tastes and preferences. Redlands is experiencing steady economic growth, with several new development projects and business initiatives underway. Its strategic location, with easy access to major highways and transportation hubs, makes it an attractive destination for businesses and investors. The city’s proactive approach to economic development includes incentives for new businesses, support for local entrepreneurs, and investment in infrastructure improvements.
TURNKEY INVESTMENT OPPORTUNITY
This turnkey retail property offers an exceptional investment opportunity in a prime location, combining historical charm with modern economic stability. The stable income from fully leased NNN agreements, coupled with a high-demand market, makes 217-221 E State St a standout investment. Contact us today to learn more about this prime retail property and secure your place in Redlands' thriving market. This is your chance to invest in a property that offers turnkey convenience, prime location, and a steady income stream.
SCENIC BEAUTY AND NEARBY ATTRACTIONS
Redlands, CA, offers a unique blend of urban amenities and easy access to natural attractions, making it an ideal location for retail investment. Located near the scenic San Bernardino Mountains, Redlands provides quick access to popular destinations like Big Bear Lake, known for its winter sports and summer outdoor activities. To the east, the Coachella Valley, including Palm Springs, offers luxury desert resorts, premier golf courses, and high-profile events such as the Coachella and Stagecoach music festivals.
STRONG DEMOGRAPHICS AND STRATEGIC LOCATION
The city of Redlands boasts strong demographics, characterized by a diverse and affluent population. With a high median household income and a robust employment base, the area attracts both residents and businesses. The presence of the University of Redlands adds to the city’s vibrant demographic mix, bringing a youthful, educated population that supports local businesses and contributes to economic stability. Redlands' strategic location is further enhanced by its connectivity to major highways and transportation networks, facilitating easy commutes and attracting visitors.
ECONOMIC DEVELOPMENT AND INVESTMENT POTENTIAL
Investors will appreciate the city's proactive approach to economic development, including incentives for new businesses and infrastructure improvements. These factors contribute to a strong and growing market, making Redlands an attractive destination for retail investment. The combination of scenic beauty, affluent demographics, and vibrant community activities ensures a promising and stable investment opportunity.
CONCLUSION: INVEST IN REDLANDS TODAY
Explore the exceptional property at 217-221 E State St, Redlands, and take advantage of the unique benefits offered by this prime location. Invest in a property that not only offers turnkey convenience but also capitalizes on the economic vitality and high demand for retail spaces in Redlands. Contact us today to learn more about this unique investment opportunity and secure your place in Redlands' thriving market. This is your chance to invest in a property that combines historical charm with modern economic stability, making it an ideal addition to any investment portfolio.

Property Details

Class
C
Year Built/Renovated
1956/2023
Stories
1
Property Subtype
Storefront Retail/Office
Lot Size (sq. ft)
4,792 SF

Highlights

  • Prime Location
  • Turnkey Investment
  • Stable Income Stream
  • High Foot Traffic
  • Upgraded Property
  • Strong Market

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