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1102 N Waterman Avenue, San Bernardino, CA

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1102 N Waterman Avenue

San Bernardino, CA 92410 - East San Bernardino Submarket

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:-
Building Size:972 SF Land Area:.3 AC (13,094 SF)
For Sale Price:$1,080,000 Price/SF:$1,111.11
Cap Rate:5.50 %
Parking:Free Surface spaces are available
Features:Pylon Sign, Drive Thru

Sale Notes:
Marcus & Millichap is pleased to present for sale a Wienerschnitzel restaurant, located in San Bernardino, California. The tenant is completely committed to this site. Before the close of escrow, the tenant will be signing a new 15-year triple-net lease. This lease will include fixed ten percent rent increases every five years and four five-year options to renew. The tenant is an experienced 25-year, three store location operator and has been operating at this site for 12 years. The property is ideally located on North Waterman Avenue with an average traffic count of 27,894 cars per day. Walgreens, Louisiana Fried Chicken, Church’s Chicken, Stater Bros. and many other retail stores and restaurants are located within close proximity. With easy access on and off Interstate 210, this business is well placed in one of the fastest growing cities within the Inland Empire.
Construction has begun on “Waterman Gardens” directly across the street from Wienerschnitzel. This project will provide an economic boost to the local economy, revitalize the community and have a positive effect on surrounding businesses. The project includes demolishing the existing 252 residential unit development and constructing approximately 500 residential units (155 one-bedroom units, 171 two-bedroom units, 158 three-bedroom units, 16 four-bedroom units), a 45,835 square foot recreational facility, a 58,200 square foot community support center, a 4,000 square foot community care facility, a 6,000 square foot Administration and Community room, a 7,000 square foot recycling facility, and a 20,000 square foot shop and youth/jobs training facility.

Marcus & Millichap Inc
Donald M Emas
(909) 456-3425

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