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1048 W Gladstone Street - The Shops I On Gladstone, San Dimas, CA

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1048 W Gladstone Street - The Shops I On Gladstone

San Dimas, CA 91773-1715 - Eastern SGV Submarket

(5.2 MB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2016
Building Size:11,155 SF Land Area:1.82 AC (79,362 SF)
For Sale Price:$9,453,000 Price/SF:$847.42
Cap Rate:5.25 %
Parking:90 Surface spaces are available; Ratio of 8.07/1,000 SF



Sale Notes:
Description
* Costco Shadow Anchor Strong performer Costco with a fuel pad creates a regional point of destination location within the larger trade area

* Desirable Restaurant Uses Leased to nationally and regionally recognized tenants including high intensity restaurant uses, Panera Bread, Five Guys, Dickey' s BBQ and Cafe Rio

* Long Term Tenant Lease All tenant leases feature initial 10 or 15 year lease terms, reducing near term roll over and demonstrating tenant demand for this premier location

* Recent 2016 Construction Limited deferred maintenance or near term capital requirements
* Ample Parking With 8.07 parking spaces per 1,000 SF of building area, The Shops I on Gladstone' s parking ratio permits a wide variety food, beverage and medical future uses

* More than 112,000 people in a 3-mile radius with an Average Household Income exceeding $97,100

CBRE
Phil D Voorhees
(949) 725-8521

Kirk Brummer
(949) 725-8418

John Read
(949) 725-8606

James Slusher
(949) 725-8507

Megan Wood
(949) 725-8423




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