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Building 1 300 S Highland Springs Ave
97,380 SF 100% Leased Retail Building Banning, CA 92220 £7,259,070 (£75/SF) 6.84% Net Initial Yield
Investment Highlights
- Below Market Rents: Blended Average Rents of $.080/SF - Current Market Rents at $1.25/SF
- Explosive Trade Area Growth: 7,000 New Homes recently built and over 5,000 more planned or under construction by national home builders
- 3 National Tenants: Marshalls, Hobby Lobby, & Big 5 Sporting Goods
- Premium Location: Highly Trafficked, signalized corner of S. Highlight Springs Ave (23,300 VPD) & I-10 FWY (275K+ VPD)
- 97,380 Square-feet of Institutional quality retail building with 3 investment grade tenants
- Value-Add Opportunity: 20,020 square-feet of leasable area available at market rents of $1.25/SF
Executive Summary
The property has an excellent mix of necessity based retail and high performing category leaders, some of which include Albertson’s, PetSmart, Boot Barn, Chipotle, US Bank and Carl’s Jr. The real estate benefits from its visibility from Highland Springs Avenue (23,300 VPD), one of the most highly traveled thoroughfares within Banning, with close proximity to the I- 10 freeway (275K+ VPD) on and off ramp, and monument sign and a 65-foot freeway sign providing excellent freeway visibility.
The Beaumont and Banning trade area has been experiencing tremendous growth with more than 7,000 built and thousands more planned or under construction by national home builders including Tri Pointe, Diversified Pacific, and Vintage Stone Eagle, LLC. This residential growth has reignited retail momentum as quality retailers including Pet Smart, Boot Barn, Smart & Final, ALDI, In-N-Out Burger, & Planet Fitness have committed to the market. Sun Lakes Village’s location is ideal with direct access to most of Banning and Beaumont’s residential communities, further distinguishes itself as the only Grocery and Drug project in the submarket.
Property Facts In Escrow
Amenities
- Signage
- Signalised Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The property benefits from its visibility from its location on the highly trafficked, signalized corner of South Highland Springs Ave (±32,796 CPD) which is one of the most highly traveled thoroughfares within Banning. It is also near the I-10 Fwy (±141,074 CPD) on/off Ramp which results in being a frequent stopping point for people driving from Los Angeles and Orange County to the Coachella Valley. The property is directly across the street from San Gorgonio Hospital and has excellent freeway visibility with a 65-foot Freeway Pylon and a prominent Monument Sign on Highland Springs Ave which is available to the potential tenant. The Beaumont and Banning trade area has been experiencing tremendous home growth with more than 7,000 built and expected new development of 5,000+ homes more planned or under construction by national home builders including Tri Pointe, Diversified Pacific, and Vintage Stone Eagle, LLC. This residential growth has reignited retail momentum as quality retailers including Pet Smart, Boot Barn, Smart & Final, ALDI, In-N-Out Burger, & Planet Fitness have committed to the market. Sun Lakes Village’s location is ideal with direct access to most of Banning and Beaumont’s residential communities, further distinguishes itself as one of the major retailer hubs in the submarket.
| Space | Size | Space Use | Position | Available |
| 1-B | 20,000 SF | Retail | In-Line | 30 Days |
1-B
| Size |
| 20,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
1-B
| Size | 20,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
The property benefits from its visibility from its location on the highly trafficked, signalized corner of South Highland Springs Ave (±32,796 CPD) which is one of the most highly traveled thoroughfares within Banning. It is also near the I-10 Fwy (±141,074 CPD) on/off Ramp which results in being a frequent stopping point for people driving from Los Angeles and Orange County to the Coachella Valley. The property is directly across the street from San Gorgonio Hospital and has excellent freeway visibility with a 65-foot Freeway Pylon and a prominent Monument Sign on Highland Springs Ave which is available to the potential tenant. The Beaumont and Banning trade area has been experiencing tremendous home growth with more than 7,000 built and expected new development of 5,000+ homes more planned or under construction by national home builders including Tri Pointe, Diversified Pacific, and Vintage Stone Eagle, LLC. This residential growth has reignited retail momentum as quality retailers including Pet Smart, Boot Barn, Smart & Final, ALDI, In-N-Out Burger, & Planet Fitness have committed to the market. Sun Lakes Village’s location is ideal with direct access to most of Banning and Beaumont’s residential communities, further distinguishes itself as one of the major retailer hubs in the submarket.
Nearby Major Retailers
Presented by
Building 1 | 300 S Highland Springs Ave
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