4 Adjacent Single Tenant Properties

2505-2575 E Highland Avenue, San Bernardino, CA 92346

  • For Sale $7,783,000
  • Property Type Retail - Street Retail
  • Property Size 12,144 SF
  • Date Updated Apr 12, 2024
This property boasts a prominent freeway pylon sign, adjacency to the E Highland Ave exit of the I-210 freeway, and positioning on the path to key traffic generators in the area, notably the Yaamava’ Resort & Casino and the San Bernardino Soccer Complex.Progressive Real Estate Partners is pleased to present the opportunity to acquire 4 separately parceled single tenant net lease (STNL) assets and approximately 1.5 acres of land ready for future development. Tenants include IHOP (corporate), Wienerschnitzel (corporate), Taco Bell (franchisee), and a successful, independent 76 service station. The restaurant leases feature an average lease rate of only $68,279/Yr., well below the current market rate of $90,000 to $150,000/Yr. and offering investors major upside potential upon lease renewals. This property boasts a prominent freeway pylon sign, adjacency to the E Highland Ave exit of the I-210 freeway, and positioning on the path to key traffic generators in the area, notably the Yaamava’ Resort & Casino and the San Bernardino Soccer Complex. This investment is a unique opportunity to acquire an asset that possesses the tenant quality typically found in STNL deals while maintaining the income diversity commonly associated with multi-tenant properties.

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Attachments

Highlights

  • Hybrid Asset: Combining Single-Tenant Quality with Multi-Tenant Income Diversity – This asset possesses the tenant quality and lease structures typically found in single tenant net lease deals while maintaining the income diversity commonly associated with multi-tenant deals.
  • National Tenants – The property features nationally recognized brands- Taco Bell, IHOP, Wienerschnitzel & 76 Service Station.
  • Corporate Signatures – IHOP and Wienerschnitzel leases are signed directly with corporate.
  • Below Market Leases – The average restaurant lease rate for the center is is $68,279/Yr., well below the market lease rate of $90,000 to $150,000/Yr. and giving investors major upside potential upon lease renewals.
  • Embedded Rent Increases – Each lease includes embedded rent increases, serving as a hedge against inflation.
  • Development Opportunity – This property offers a unique opportunity for an investor to develop the ±1.5 acres of land, expanding the center and increasing revenue.
  • Freeway Pylon Sign – The property features a prominent freeway sign visible to over 100,000 CPD along the I-210 corridor.
  • Monument Signage – Each parcel features a dedicated monument sign.
  • Separately Parceled – Each asset is individually parceled and offers flexibility for future disposition strategies.
  • Direct Access to I-210 Freeway Exit – Situated directly adjacent to the I-210 freeway exit, the subject property is strategically positioned to capture a high volume of potential customers.
  • Surrounding Traffic Generators – The location shares a freeway exit with Yaamava’ Resort & Casino and the San Bernardino Soccer Complex, offering the center maximum exposure as traffic flows to these popular destinations.

Contacts

broker

Lance Mordachini

Progressive Real Estate Partners

(909) 230-4500

Location

Getting Around

  • Walk Score ®

    73/100 Very Walkable
  • Transit Score ®

    36/100 Some Transit
  • Bike Score ®

    39/100 Somewhat Bikeable
Powered by Walk Score ®
  • City San Bernardino, CA
  • Neighborhood San Bernardino Gardens
  • Zip Code 92346
  • Market Inland Empire

Points of Interest

  • San Bernardino Transit Center

    4.36 miles

  • Tippecanoe Avenue

    4.57 miles

  • San Bernardino Depot

    4.91 miles

  • Esri

    5.64 miles

  • Downtown Redlands

    6.02 miles

  • University of Redlands

    6.55 miles

  • Rialto

    8.45 miles

  • Chevron

    0.00 miles

  • Arco

    0.35 miles

  • Valero

    0.59 miles

  • Victoria Gas

    1.04 miles

  • Circle K

    1.16 miles

  • Valero

    1.17 miles

  • Circle K

    1.20 miles

  • 76

    1.21 miles

  • Shell

    1.27 miles

  • 7-Eleven

    1.36 miles

  • Bus Parking

    1.14 miles

  • 2 Hour Public Parking

    4.04 miles

  • City Hall Public Parking Sctructure

    4.09 miles

  • Carousel Mall Parking Structure

    4.11 miles

  • North Parking Lot

    5.73 miles

  • Lot H

    5.74 miles

  • Lot G

    5.80 miles

  • Lot F

    5.82 miles

  • South Parking Lot

    5.83 miles

  • (handicapped)

    5.98 miles

  • Taco Bell

    0.04 miles

  • Wienerschnitzel

    0.07 miles

  • Denny's

    0.08 miles

  • Pizza House

    0.10 miles

  • IHOP

    0.12 miles

  • Baker's

    0.14 miles

  • Pepper Steak

    0.49 miles

  • Taco Joe's

    0.58 miles

  • Del Taco

    0.60 miles

  • El Pollo Loco

    0.63 miles

  • Food 4 Less

    0.45 miles

  • Big Lots

    0.49 miles

  • Walmart Neighborhood Market

    0.52 miles

  • Stater Bros.

    1.44 miles

  • Smart & Final

    1.90 miles

  • ALDI

    1.97 miles

  • Walmart Supercenter

    2.19 miles

  • Albertsons

    2.38 miles

  • Hiep Thanh

    3.02 miles

  • Stater Bros.

    3.86 miles

Frequently Asked Questions

What is the lease rate for 4 Adjacent Single Tenant Properties?

Rental asking rate at 4 Adjacent Single Tenant Properties is $3,891,500.00/YR.

What is the total square footage of 4 Adjacent Single Tenant Properties?

4 Adjacent Single Tenant Properties totals 12,144 square feet.

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Contact Listing Broker

broker

Lance Mordachini

Progressive Real Estate Partners

(909) 230-4500