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575 W Base Line Street - Save-A-Lot, San Bernardino, CA

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575 W Base Line Street - Save-A-Lot

San Bernardino, CA 92410-2853 - East San Bernardino Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing , Renov 2015 Year Built:1960
Building Size:19,000 SF Land Area:1.29 AC (56,001 SF)
For Sale Price:$3,417,000 Price/SF:$179.84
Cap Rate:6.00 %
Parking:20 Surface spaces are available; Ratio of 6.3/1,000 SF
Features:Bus Line, Signalized Intersection

Property Description: Free Standing Retail Building

Property Use Description: Free Standing Retail Building

Sale Notes:
Faris Lee Investments is pleased to offer for sale a single tenant, corporate guaranteed, Save-A-Lot grocery opportunity in San Bernardino, CA. The property features a new long-term (10-year) NNN lease with 9-Years remaining and 5 (5-year) options to extend, with scheduled 10% rental increases starting at the beginning of each option period. In addition, Moran Foods, LLC dba Save-A-Lot foods, is corporately guaranteeing the lease.

SuperValu (Fortune 100 Company) is the 3rd largest food retailer in the U.S., with 4 million customers each week, over $4 Billion in Annual Sales, and a market cap of $1.5 billion. In addition, they have over 1,300 Save-A-Lot stores nationwide and are continuing to expand.
The subject property is strategically located at the signalized, hard corner intersection of W. Base Line Street and N. F Street with over 28,000 combined vehicles per day. W. Base Line Street is a major east-west corridor that connects San Bernardino with the rest of the major cities that comprise the vast Inland Empire of Southern California. Additionally, the subject property is near the San Bernardino Freeway / Interstate 215 with over 124,000 vehicles per day. The San Bernardino Freeway / Interstate 215 connects the immediate trade area with the major regional transportation corridors of the 10 and 210 Freeways. The subject property is located within close proximity to several national/credit tenants including: Walgreens, Dollar Tree, AutoZone, Family Dollar, McDonald' s, Pizza Hut and Arco. The subject property is near Downtown San Bernardino with an estimated population greater than 372,000 with an average household income higher than $50,000 within a 5 mile radius. Additionally, the trade area is supported by more than 117,000 daytime employees within a 5 mile radius.

Faris Lee Investments
Tom Chichester
(949) 221-1820

Jeff Conover
(949) 221-1810

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