170 40Th St, San Bernardino, CA 92404
925 SF | Retail Building | San Bernardino, CA 92404 | $1,810,000 ($1,957/SF) | 5.75% Cap Rate
For Sale
Active
Asking Price $1,810,000
- Property Type
-
Retail
- Square Feet
- 925 SF
- Price / Square Foot
- $1,957
Listing Contacts
Bill Asher
Jeff Lefko
Property Overview
Absolute NNN 10-Year Lease | Brand-New Construction | Across From Top 7% Performing Stater Bros. (165 Stores; Placer.ai)
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 1
- Lot Size (sq. ft)
- 16,117 SF
Highlights
- Absolute NNN Lease: Tenant is responsible for 100% of all costs, repairs, and maintenance, including roof and structure
- Favorable Rent Increases of 10% Every 5 Years Allow for Healthy Rent Growth: Nearly $22,000 after 10 years
- High-Traffic Location: Across from top 7% performing Stater Bros in the 165 store chain (Placer.ai)
- Internet and Recession Resistant Investment: Food service with drive-thru capability is widely regarded as one of the most stable product categories
- Directly Across from Two of the Trade Area’s Most Dominant Grocery Store: Stater Bros. and Cardenas Markets, with other neighboring retailers
- Strong Demographics: Approximately 243,000 people living within 5 miles of the subject property
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