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Shops at Center Pointe 1620 E 1st St

11,401 SF 100% Leased Retail Building Beaumont, CA 92223 £7,002,928 (£614/SF) 5.37% Net Initial Yield

Investment Highlights

  • Heavily Visited Shopping Center at the Major Retail Hub of the area directly off Interstate 10 Fwy
  • High Performing National & Regional branded tenants with synergetic co-tenancies in the center
  • Newly Built (2018), High Quality Construction

Executive Summary

Infini Realty Advisors is pleased to present the opportunity to acquire newly built drive-thru shops building at heavily visited Center Pointe on Highland Springs and 2nd Street in Beaumont. The building is currently 100% occupied with 4 branded tenants (Panera Bread, Pacific Dental, Ono Hawaiian BBQ & Pieology)and boast synergetic co-tenancies in the center with Rite Aid, Sonics, Charles Schwab & Fast 5 Express Car Wash in major retail hub of Beaumont, California directly off the Interstate 10 Freeway.
Please contact the listing agent for Offering Memorandum. VIDEO : https://vimeo.com/iam316us/download/786807349/289d1193d4

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
11,401 SF
Building Class
B
Year Built
2018
Price
£7,002,928
Price Per SF
£614
Net Initial Yield
5.37%
NOI
£376,314
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.11
Lot Size
2.47 AC
Zoning
C24

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • 2,001 SF
  • -
  • NNN
  • Jan 2029

Ono Hawaiian BBQ is a fast casual restaurant concept with locations in California and Arizona, serving up “aloha in every bite” through their Hawaiian-inspired plate lunches and island specialties. Every Ono Hawaiian BBQ dish is created with fresh ingredients using authentic Hawaiian recipes, and made-to-order in each restaurant. Ono Hawaiian BBQ operates restaurants throughout their two states of operation, with plans for continued expansion.

  • Health Care and Social Assistance
  • 2,600 SF
  • -
  • NNN
  • Jan 2029

Founded in 1994, Pacific Dental Services (PDS) is one of the country’s leading dental support organizations, providing supported autonomy that enables dentists to concentrate on clinical excellence and the highest levels of cost-effective comprehensive patient care. PDS originated the Private Practice+® model to enable dentists to focus on their passion: serving patients. PDS also pioneered the concept of Modern Dentistry so that dentists are equipped to combine advances in the latest technology with the best operational practices and procedures, highly skilled support staff and a commitment to ongoing training and education. PDS continues to grow, with over 800 supported dental offices across the United States and plans to expand into several new markets. PDS has been on the Inc. 5000 list of the fastest growing private companies in America 14 times. PDS supported dentists aim to be the provider of choice in all the markets they serve and to develop Patients for Life™.

  • Accommodation and Food Services
  • 4,300 SF
  • -
  • NNN
  • Oct 2028

Panera began in 1987 as St. Louis Bread Company, a humble community bakery founded with a sourdough starter from San Francisco and a dream of putting a loaf of bread in every arm. While Panera's business has expanded well beyond St. Louis since then, that same sourdough starter is still used in their iconic sourdough bread and the craft of baking bread fresh each day remains at the heart of Panera Bread. Each day their trained bakers fill their bakery shelves with delicious freshly baked cookies, pastries, bagels, and a range of breads from focaccia to classic baguettes. Panera Bread is privately held by JAB Holding Company. Panera Bread is part of Panera Brands, one of the largest fast casual restaurant platforms in the U.S., comprised of Panera Bread®, Caribou Coffee® and Einstein Bros.® Bagels.

  • Accommodation and Food Services
  • 2,500 SF
  • -
  • NNN
  • Oct 2028

At Pieology, they know that the best pizza is the one you create exactly as you want it. That’s why they've been serving up stone-fired custom pizzas with unlimited possibilities since 2011. Pieology is a place you get to take a blank pizza canvas and create your own pizza perfection. Choose from FOUR amazing crusts, SIX sauces, including their original house-made red, and over THIRTY-FIVE fresh toppings to create your personalized pizza masterpiece. Or, browse their menu and be inspired by their creations. They know that just because you like your pizza doesn’t mean someone else will, and that’s OK- they won’t judge. Whether in-store or online, their independently owned locations across the United States are open and ready to help satisfy your pizza cravings.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services 2,001 SF - NNN Jan 2029
Health Care and Social Assistance 2,600 SF - NNN Jan 2029
Accommodation and Food Services 4,300 SF - NNN Oct 2028
Accommodation and Food Services 2,500 SF - NNN Oct 2028

Nearby Major Retailers

Planet Fitness
Chase Bank
Grocery Outlet
Starbucks
U.S. Bank
Boston Pizza
Bank of America
WaBa Grill
Albertsons
ALDI

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
419-260-085
Land Assessment
£1,677,888
Improvements Assessment
£3,943,038
Total Assessment
£5,620,926
  • Listing ID: 28807142

  • Date on Market: 20/06/2023

  • Last Updated:

  • Address: 1620 E 1st St, Beaumont, CA 92223

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