420-424 E Hospitality Ln - Storefront FOR SALE


San Bernardino, CA 92408- Valley View
$8,898,000 USD
909-230-4500
420-424 E Hospitality Ln, San Bernardino, CA for Sale
$8,898,000 USD
Storefront - FOR SALE
1/12
null | 6.3% Cap Rate

420-424 E Hospitality Ln
San Bernardino, CA 92408
Valley View


HIGHLIGHTS

  • Massive Built-In Demand Drivers — the Tri-City Commercial Hub features ±4.4M SF of retail/industrial/office employment centers.
  • Employment Density = Daily, Repeat Customers — 11,710 employees + 1,000+ businesses within 1 mile; 52,540 employees within 3 miles.
  • THE Retail Shops for Tri-City — one of the most visible, highest-quality shop offerings in the immediate Tri-City / Hospitality Lane corridor.
  • Only three shop spaces under 3,000 SF currently available within the broader Hospitality Lane / Tri-City corridor, creating sustained leasing leverage
  • Fully NNN leases with no caps on taxes/insurance/CAM, protecting NOI and reducing surprise owner exposure.
  • All leases feature 3%–4% annual increases; options generally structured at fair market value, preserving mark-to-market potential.

OVERVIEW

Progressive Real Estate Partners is proud to present the opportunity to acquire The Shops at Tri-City Commons— a 100% leased, service-oriented commercial center located at the heart of the ±4.4 million square foot Tri-City Commercial Hub. The property features a diverse mix of 13 e-commerce-resistant tenants serving the surrounding employment and population base, which includes 11,710 employees and 1,000+ businesses within 1 mile and a population of 257,000 residents within 5 miles. The center benefits from excellent corner visibility at Hospitality Lane & Carnegie (±47,000 cars per day) within a severely supply-constrained shop submarket. Recent capital improvements— including a 2018 roof (transferable warranty), ±60% new HVAC units (2018–present), LED lighting (2021), camera monitoring system (2021), parking lot overlay and restriping (2022), and new paint scheme (2023)— position the asset as a stabilized, low-CapEx investment. All leases are true NNN with no expense caps and feature 3% to 4% annual rent increases, providing durable, inflation-protected NOI.

FOR SALE DETAILS

PRICE

$8,898,000 USD

PRICE/SF

$440 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Shops at Tri-City Commons

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

1535

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

CR-3

APN/PARCEL ID

0281-372-04

ASK ABOUT THIS PROPERTY

Greg Bedell, CCIMProgressive Real Estate PartnersMore Info
909-230-4500

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

Greg Bedell, CCIMProgressive Real Estate PartnersMore Info
909-230-4500

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