555 W 2nd St - Supermarket FOR SALE


San Bernardino, CA 92401- Downtown San Bernardino
$11,776,000 USD
818-259-0476
555 W 2nd St, San Bernardino, CA for Sale
$11,776,000 USD
Supermarket - FOR SALE
1/4
null | 6.69% Cap Rate

555 W 2nd St
San Bernardino, CA 92401
Downtown San Bernardino


HIGHLIGHTS

  • Food 4 Less and Ross Dress For Less is a ±83,760 square feet retail center situated on over six (6) acres.
  • With base rents running under $10 per square foot per year, the existing rents are well below market.
  • Food4Less boasts reported store sales over $520/SF (2.0% rent vs sales ratio) and Ross has estimated annual sales of $9million (Source: Placer.ai).
  • Tenants are responsible for paying their full pro-rata share of common area maintenance (CAM) expenses, property taxes, and insurance.
  • The property is leased to strong national tenants including Food 4 Less and Ross Dress For Less, providing stable and predictable income.
  • The center boasts eleven (11) driveway access points with ingress/egress from four (4) streets: F Street, Rialto Avenue, 2nd Street, and E Street.

OVERVIEW

CBRE is pleased to offer for sale Food 4 Less and Ross Dress For Less – a ±83,760-square-foot, grocery-anchored, two-tenant shopping center located in San Bernardino. The center consists of an ideal mix of national tenants with strong sales and below market rents. Priced at just $141 per square foot on improvements, the property is priced well below replacement costs. Ross and Food4Less recently extended their leases - demonstrating their commitment to the location. Both tenants are on triple-net leases, paying their pro-rata share of common area maintenance expenses, property taxes, and insurance. The property is over six (6) acres and runs block-to-block from W 2nd Street to Rialto Avenue, at signalized corners with both F Street and E Street. It is ideally located in Downtown San Bernardino just east of the I-215 Freeway’s 2nd Street on/off ramp, making it a commuter friendly and strategic destination for nearby residents.

FOR SALE DETAILS

PRICE

$11,776,000 USD

PRICE/SF

$141 USD /SF

CAP RATE

6.69%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Food 4 Less & Ross Dress For Less

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

274

LAND DETAILS

LAND ACRES

6.09 AC

LAND SF

265,280 SF

ZONING

GC

APN/PARCEL ID

0134-371-10

ASK ABOUT THIS PROPERTY

Patrick WadeCBRE, Inc.More Info
818-259-0476

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Patrick WadeCBRE, Inc.More Info
818-259-0476

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