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.