1055 W 21st St - Freestanding FOR SALE


San Bernardino, CA 92405- Muscupiabe
$28,000,000 USD
949-725-8606
1055 W 21st St, San Bernardino, CA for Sale
$28,000,000 USD
Freestanding - FOR SALE
1/6
null | 4.38% Cap Rate

1055 W 21st St
San Bernardino, CA 92405
Muscupiabe


HIGHLIGHTS

  • Rare STNL The Home Depot Opportunity
  • Established, High-Performing The Home Depot Location
  • Outstanding NOI Growth – Due to fixed rental increases of 8.50% on base rent every 5 years (next increase in February 2027)

OVERVIEW

- Rare STNL The Home Depot Opportunity – STNL asset with a publicly traded, investment-grade credit national tenant on a long-term Absolute NNN lease - 100% leased to The Home Depot (NYSE: HD), the world’s largest and leading home improvement specialty retailer with over 2,300 locations, a market capitalization of $357 billion and revenue of $163 billion - Established, High-Performing The Home Depot Location – This is an established and top performing The Home Depot store, as proven by many factors (download the Offering Memorandum for more details) - Outstanding NOI Growth – Due to fixed rental increases of 8.50% on base rent every 5 years (next increase in February 2027) as well as rare percentage rent income, the property provides outstanding income growth, and a strong inflationary hedge compared to many “flat” STNL investments - Large Scale Covered Land Play, Future Redevelopment Opportunity – The Home Depot is situated on a large ±11-acre site centrally located in San Bernardino, immediately off Interstate 215. While The Home Depot will very likely remain at this location long-term given its success, the property presents an excellent redevelopment opportunity in the future given its pricing at just $58 PSF on a Land PSF basis. - Regional, Freeway Adjacent Location – Ideally located along Interstate 215 (±118,000 CPD), with direct on-/off-ramp access via W Highland Ave (±29,800 CPD) and adjacent to name brand tenants including Stater Bros Markets, Dollar Tree, AutoZone, McDonald’s, 7-Eleven, Jack in the Box and others, generating tremendous traffic to the immediate trade area

FOR SALE DETAILS

PRICE

$28,000,000 USD

PRICE/SF

$209 USD /SF

CAP RATE

4.38%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Home Depot

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

651

LAND DETAILS

LAND ACRES

11 AC

LAND SF

479,160 SF

ZONING

C-2

APN/PARCEL ID

0144-032-24,0144-032-31,0144-042-46,0144-101-29

ASK ABOUT THIS PROPERTY

John ReadCBREMore Info
949-725-8606

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John ReadCBREMore Info
949-725-8606

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.