4304 University Pkwy, San Bernardino, CA 92407
2,173 SF | Retail Building | San Bernardino, CA 92407 | $1,725,000 ($794/SF) | 4.97% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,725,000
- Property Type
-
Retail
- Square Feet
- 2,173 SF
- Price / Square Foot
- $794
Listing Contacts
Alfred G. Martini
Verified Profile
- Property Info
Property Overview
Prime California Single Tenant Net Investment under $2 Million. Leased to Jiffy Lube. Located in busy University Town Center in the State College area of North San Bernardino. Anchord by upscale Esporta Fitness Center and Ralphs Grocery Chain. Easy access off I-215 and University exit. Just less than 9 years remain on Lease with 2 five year options.
Property Details
- Class
- B
- Year Built
- 2007
- Stories
- 1
- Property Subtype
- Vehicle Related
- Lot Size (sq. ft)
- 39,640 SF
Highlights
- Absolute NNN Lease so Tenant pays taxes, maintenence and insurance, common area maintenance, HVAC, roof and structure.
- State College area is home to Cal State University San Bernardino with over 16,700 students enrolled with 24% commuter students.
- Upscale Esporta Fitness Gym and Ralphs Grocery store are major anchors along with many top QSR's nearby.
- Visible from University Parkway and easy access off Varsity Drive at signalized intersection..
- Strong, experienced franchisee with 32 locations in SoCal based in San Dimas, CA. Najir Lube Centers Inc. see link below
- Lease payment increases 2% each year during Lease Term that expires December 2031. Option term rent increases 10% every 5 years.
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