What is the asking price for Tri-City Commons?

The lease rate for space here is Contact for pricing.

What is the total size of Tri-City Commons?

The property has a total square footage of 20,780 SF.

How many parking spaces are available at Tri-City Commons?

Parking information for the property isn't currently listed. However, other nearby parking options include Dental Patient Parking, located 1.64 miles away , and Patient Parking Structure, which is 1.67 miles away.

420-424 E Hospitality Lane, San Bernardino, CA 92408

For Sale $8,910,000
Property Type Retail - Strip
Property Size 20,780 SF
Lot Size 1.12 Acre
Date Updated May 1, 2026

Description

Positioned at the intersection of the I-10 & I-215 freeways, in the center of one of the busiest and most established commercial hubs in the Inland Empire.Progressive Real Estate Partners is proud to present the opportunity to acquire The Shops at Tri-City Commons— a 100% leased, service-oriented commercial center located at the heart of the ±4.4 million square foot Tri-City Commercial Hub. The property features a diverse mix of 13 e-commerce-resistant tenants serving the surrounding employment and population base, which includes 11,710 employees and 1,000+ businesses within 1 mile and a population of 257,000 residents within 5 miles. The center benefits from excellent corner visibility at Hospitality Lane & Carnegie (±47,000 cars per day) within a severely supply-constrained shop submarket. Recent capital improvements— including a 2018 roof (transferable warranty), ±60% new HVAC units (2018–present), LED lighting (2021), camera monitoring system (2021), parking lot overlay and restriping (2022), and new paint scheme (2023)— position the asset as a stabilized, low-CapEx investment. All leases are true NNN with no expense caps and feature 3% to 4% annual rent increases, providing durable, inflation-protected NOI.

Highlights

Corner Visibility at a Major Intersection — ±47,000 cars per day at Hospitality Ln & Carnegie with the center positioned for maximum exposure.
Durable Income Stream Diversified Across 13 Tenants — diversified rent roll across restaurant/coffee, dental/medical, financial services, insurance, beauty/wellness, and personal care users.
Extremely Limited Shop Supply — only three shop spaces under 3,000 SF currently available within the broader Hospitality Lane / Tri-City corridor, creating sustained leasing leverage.
Ground Zero for Inland Empire Commercial + Employment Activity — positioned at the intersection of the I-10 & I-215 freeways, in the center of one of the busiest and most established commercial hubs in the Inland Empire.
Surrounded by High-Performing Regional Retail — Costco, Sam’s Club, In-N-Out, Panera, Dutch Bros, BJ’s, Raising Cane’s, Best Buy, Home Depot, LA Fitness, Aldi, PetSmart, and more — reinforcing this corridor as a proven destination.
THE Retail Shops for Tri-City — one of the most visible, highest-quality shop offerings in the immediate Tri-City / Hospitality Lane corridor.