1857 S Tippecanoe Ave - Freestanding FOR SALE
San Bernardino, CA 92408 |
1857 S Tippecanoe Ave
San Bernardino, CA 92408
HIGHLIGHTS
- Absolute NNN Lease – The Lease is an Absolute Triple Net Lease with Zero Landlord Responsibilities.
- Significant Lease Term Remaining with Options – There are Over 11 Years of Initial Term Remaining Plus Options.
- New Construction – 2017 Prototype Construction in High Barriers to Entry San Bernardino Market with Desirable Double Drive-Thru.
- Upcoming Rent Increase – There is an Upcoming Rent Increase Occurring in December 2022 ($360,000 Year 1 NOI to$380,000 in Year 6)
- Top Nationwide QSR Credit Tenant – Raising Cane’s Tenant is One of the Fastest Growing QSR Restaurants in the United States with $1.5B in Annual Rev.
- Freeway Adjacent Location – Property is Located Right off the I-10 Freeway Entrance/Exit, Which Features Over 194,000 CPD.
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Raising Cane's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Fast Food, Restaurant, Storefront
TOTAL BUILDING SIZE
4086
STORIES
1
YEAR BUILT
2017
SPRINKLERS
-
PARKING SPACES
40
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
0281-151-83
